Large-Cap
The search follows underperformance within the asset class.
The pension plan replaced a domestic large-cap value equity manager in the first quarter.
The changes aim to improve portfolio quality for the retirement system’s domestic equity sleeve with several terminations and hires.
The pension fund opted to go passive for a formerly active domestic large-cap growth equity mandate.
The retirement system also approved new target allocations for its public equity managers at today’s investment committee meeting.
The deferred compensation plan also terminated its global large-cap growth equity manager in February.
The 529 college savings plan added a mega-cap growth equity strategy as an underlying fund to replace a large-cap growth fund in an effort to move to a lower-cost passive strategy.
The retirement system has issued an RFP for domestic large-cap equity managers to handle $1.6 billion.
The retirement system will release its statutorily required RFP later this month.
The deferred compensation plan is seeking a domestic large-cap value equity manager to replace its incumbent, which has underperformed.
