Large-Cap
The pension fund concluded a general investment consultant search by selecting its incumbent this week.
The foundation switched to a large-cap core equity strategy with its existing manager from the firm’s dividend growth oriented strategy in an effort to create a more stable and diversified portfolio.
The plan is set to conduct searches for domestic large-cap growth equity, mid-cap value equity, private markets and co-investment managers due to expiring contracts.
The plan appears to have terminated its active domestic large-cap equity manager in the second quarter.
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.
The searches result from a new domestic equity structure.
The plan also removed a manager from the watch list.
The plan also held finalist interviews with three large-cap value equity managers last month.
The plan approved the search last month to comply with state procurement requirements.
The firm was terminated from an approximately $102 million domestic core-plus fixed-income mandate last month.