Domestic Equity
The plan approved a new target asset allocation at its board meeting today.
The plan added a large-cap growth manager to complement existing manager Sawgrass Asset Management.
The plan’s general investment consultant will conduct a search for a domestic small-cap equity manager to complement its small-cap value manager.
The plan is conducting a replacement search after terminating its incumbent domestic small-cap value equity manager.
The plan hired three international small-cap equity managers and moved from a domestic large-cap value manager to a large-cap core strategy in the first quarter.
The plan does not currently have an active small-cap firm after terminating the previous manager earlier this year.
A university in New England has hired a new global equity manager and committed to a venture capital firm this year.
A deferred compensation plan in the Rocky Mountain region terminated its sustainable equity manager, which had been on watch due to underperformance.
A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
The plan has issued its RFP seeking domestic mid-cap growth equity managers to handle roughly $30 million.
