Domestic Equity
Plan made a change in passive large-cap core equity providers last quarter.
The plan is nearing the conclusion of its domestic small-cap equity and fixed-income manager searches.
Plan terminated its domestic small-cap value equity manager due to the firm’s investment team spinning out to form a new entity.
The plan committed a total of $175 million to two funds and hired an unnamed domestic equity manager at its meeting last week.
The plans made a hire in their search for a new domestic large-cap value equity manager this month.
The plan added domestic small- to mid-cap core and value managers to handle $90 million each.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
The fund is looking for emerging managers-of-managers to handle domestic small-cap and large-cap equity portfolios.
The plan hired two firms in the domestic small-cap equity space to replace a previously terminated manager.
The plan will use active management in the large-cap value space.