Domestic Equity
The plan recently hired a domestic small- to mid-cap growth equity manager and terminated a domestic large-cap firm.
The firm had suffered from asset decline and underperformance.
Plan replaced its domestic small-cap value equity manager from a group of three candidates this week.
The plan opted to temporarily move to an index fund while a domestic equity structure study is conducted after the firm’s existing manager recently announced significant organizational changes.
Plan is seeking a domestic small- or small- to mid-cap equity manager to fill a recent gap in its emerging manager program stemming from a graduation.
A plan in the South will conduct a search to replace a domestic small-cap value equity manager and may receive replacement options as soon as its next meeting in May.
A university based in the Midwest retained its investment consultant for its assets at a meeting last week.
The plan’s investment committee will recommend the hire of a domestic mid-cap growth equity manager at a meeting this week.
The plan approved a $10 million investment in the manager at its board meeting today.
The plan made selections following interviews with two firms due to underperformance from incumbent managers.