Equity
The plan’s investment consultant will continue to monitor the strategy’s short- and long-term performance.
The fund added a global equity investment with a newly operational firm this week.
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.