Domestic Equity
The pension fund opted to go passive for a formerly active domestic large-cap growth equity mandate.
The plan launched a search earlier this year to replace an active domestic mid-cap core equity manager.
The retirement system also approved new target allocations for its public equity managers at today’s investment committee meeting.
The pension fund also trimmed an underperforming manager’s mandate by 30%.
The plan will interview three firms in a domestic small-cap value equity manager search next month.
The deferred compensation plan also terminated its global large-cap growth equity manager in February.
The terminations include three underperforming managers.
The retirement system also hired two managers in its emerging markets equity search.
The retirement system has issued an RFP for domestic large-cap equity managers to handle $1.6 billion.
The retirement system will release its statutorily required RFP later this month.
