Large-Cap
The retirement system also approved a fiscal year 2027 real estate pacing plan last week.
The retirement system also hired a new hedge fund manager in the second quarter.
The plans also replaced a domestic large-cap growth equity manager due to underperformance.
The plan liquidated a domestic large-cap core equity manager in the second quarter.
The deferred compensation plan replaced an underperforming domestic large-cap value equity manager in the second quarter.
The pension plan hired a new domestic large-cap growth equity manager last month.
The deferred comp plan’s investment consultant will present an international large-cap value manager search report at next week’s meeting.
The plan also retained two incumbent managers in its large-cap search.
The plan also made a private equity commitment in June.
The plan’s general investment consultant recently recommended a review of domestic large-cap value equity managers due to the incumbent’s underperformance.
