Domestic Equity
The foundation added international equity, domestic equity, high-yield bond and infrastructure investments to its portfolio during the second quarter.
The plan will move at least a portion of its roughly $57.4 million domestic small-cap core equity mandate to a passive option while it considers the role of the asset class as part of a broader public equity review.
The search is opened to commingled funds, mutual funds or limited partnerships.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The plan also hired a new domestic large-cap value equity manager in the first quarter.
The hire follows a search conducted due to the contract expiration of the plan’s incumbent.
The plan added the firm to complement its existing domestic small- to mid-cap core equity manager.
A total of 23 firms submitted proposals to the retirement system’s domestic large-cap core equity manager search.
The retirement system terminated its incumbent domestic small-cap core equity manager earlier this year.
The pension fund made the decision following a search presentation from its general investment consultant in April.