Large-Cap
The foundation swapped domestic large-cap equity firms within its long-term portfolio as its incumbent managers have underperformed.
The domestic large-cap equity manager was hired as part of the board’s U.S. equity 2.0 portfolio.
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.
The pension plan hired a new domestic large-cap growth equity manager last month.
The plan hired two new managers and retained three at a board meeting this week.
The pension plan replaced its domestic large-cap value equity manager in the fourth quarter due to underperformance.
The retirement trust terminated its sole active large-cap equity manager last month for performance reasons.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The domestic large-cap growth equity manager had been on watch due to underperformance.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.