Equity
The plan also placed a domestic equity manager on watch due to underperformance.
The plan also received an update on its global equity manager search at a meeting yesterday.
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
Four total firms will vie for an approximately $521 million mandate.
The newly approved asset allocation increases strategic targets to private equity and public income.
The revisions see the foundation pivoting its investment portfolio further toward growth-oriented investments, including public and private equity.
The retirement system hired Dimensional Fund Advisors to handle international value and domestic small-cap value equity mandates last quarter.
The plan located in our nation’s capital approved a search for active international equity managers.
The asset classes were recommended by the OPEB trust’s new general investment consultant.