Equity
The plan took action on two search reports provided by its general investment consultant at its board meeting this week.
The pension plan terminated one of its international large-cap core equity managers due to underperformance.
The pension plan has directed its staff and general investment consultant to conduct a targeted RFP process to replace a terminated international small-cap equity manager.
The deferred compensation plan replaced its international large-cap value equity manager yesterday due to underperformance.
The plan approved the search following a quarterly performance review.
The plan hired two firms in its international equity manager search.
The pension plan terminated its domestic small- to mid-cap core equity manager in August due to underperformance.
The plan swapped out an underperforming international equity manager at a meeting this week.
The plan has terminated an international growth equity fund after placng the manager on watch due to upcoming leadership changes and reinvested the assets with an existing manager in the portfolio.
The plan rehired its incumbents after receiving search reports in July.