Equity
The retirement system first considered issuing the RFP last year.
The deferred compensation plan recently replaced its domestic mid-cap value equity manager due to underperformance.
The search is now open to core and value managers.
The firm recently hired a principal to source, execute and manage investments with a focus on healthcare and life sciences.
The deferred compensation plan replaced its domestic large-cap value equity manager last quarter.
The plan made several changes as part of a total equity structure review at today’s board meeting.
The deferred compensation plan recently replaced a domestic small-cap value equity manager that had been on watch since 2024.
The retirement fund will interview two firms to handle the new allocation.
The plans are reviewing recommendations to replace three existing managers.
The retirement plan’s incumbent manager was placed on watch today for performance and organizational issues.