Equity
The plan will interview two U.S. small-cap value equity managers this week and also recently added an international equity manager.
The plan moved an additional $30 million to an active equity manager hired over the summer.
The plan will also target more $720 million to alternative funds in 2023.
The fund added the domestic small-cap equity manager to its watchlist this summer due to underperformance and will review the firm next year.
The plan will seek board approval to terminate a high-yield fixed-income manager and an emerging markets equity manager.
The plan will begin with a mid-cap growth equity manager search in January.
A college savings plan based in a Southern state has hired an equity manager within its portfolio.
The plan terminated an approximately $799 million emerging markets equity mandate and made commitments with four existing managers and one new manager in September.
The search is to replace an underperforming incumbent manager.
The plan is searching potential replacement for its current domestic large-cap growth equity manager.