Large-Cap
The deferred compensation plan replaced its domestic large-cap value equity manager in the first quarter.
The firm had been on watch since 2023 for underperformance and the funds have been moved to a passive account.
The retirement system also terminated its domestic large-cap growth equity manager in the third quarter.
The plan approved adding a new international large-cap value equity manager to its lineup last month.
The plan’s board also voted to place a domestic large-cap value manager on watch.
The deferred compensation plan also placed its domestic small-cap value equity manager on watch yesterday.
The plan also terminated three equity mandates as part of a domestic equity portfolio restructuring.
The plan launched a search over the summer due to performance concerns with two incumbents.
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.
