Domestic Equity
Argent employees purchased the company stock held by outsiders effective Dec. 31.
The plan is swapping domestic small- to mid-cap value equity managers this month and will have further discussions on direct lending at its February board meeting.
The plan rehired its incumbent manager after an RFP process that yielded three finalists.
The plan’s consultant will present alternatives to its incumbent domestic large-cap growth equity manager, which has seen underperformance.
The plan will interview three firms later this month in a search to replace incumbent LMCG Investments.
The plan will conduct a target-date fund manager search to potentially replace an existing mandate.
The plan issued two RFPs for managers to comply with procurement laws.
The plan hired Neuberger Berman at today’s board meeting following an RFP search.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.