Large-Cap
The plan hired a new manager for domestic large-cap growth equities during a meeting today.
The plan will receive a list of active and passive candidates next month.
The fund will conduct searches for a U.S. large-cap growth equity manager and a global equity manager with a tilt toward either core or value stocks after approving a new asset allocation at its May board meeting.
The plan is looking to invest $5 million each in large-cap growth and large-cap value.
The plan will interview three domestic large-cap growth equity managers at a June 9 investment committee meeting.
The plan authorized a search to replace a terminated domestic large-cap growth equity manager and will issue a private equity consultant RFQ soon.
The RFP is slated for approval at the plan’s meeting next month.
The plan transferred the assets to an existing Standard & Poor’s 500 Index mandate last week.
New equity portfolio structure both increases the domestic large-cap allocation and shifts it totally to passive investment.
The plan added a core strategy to diversify its existing domestic large-cap equity portfolio consisting of value and growth managers.