The plan agreed to move forward with real asset manager searches and terminate a domestic large-cap core equity manager at today’s board meeting.
His fund management duties will be assumed by other portfolio managers.
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.