Domestic Equity
The plans previously agreed to move their active domestic large-cap growth equity asset class to a passive mandate in December.
The plan expects to hire a new domestic mid-cap growth equity manager later this month.
The plan made several changes to its manager watch list at a recent meeting.
The investment manager has named a new lead portfolio manager for its small and small- to mid-cap equity team.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The plan made the manager change due to performance issues with the incumbent.
The plan is seeking managers to handle a total of $135 million.
The search is being conducted to diversify the program’s investment lineup.
Funding for the new domestic small-cap growth mandate comes from a passive investment with RhumbLine Advisers.