Large-Cap
The plan is conducting the search due to the April 2023 contract expiration of its incumbent, which was rehired in 2018, 2013 and 2008 following similar searches.
The plan concluded a search that began in October due to underperformance and personnel changes at its incumbent.
The plan’s general investment consultant will report back on its due diligence meeting with the firm.
The plan hired a passive domestic large-cap growth equity manager to replace an active mandate.
The plan is looking to potentially replace an underperforming manager.
The plan moved an additional $30 million to an active equity manager hired over the summer.
The plan will begin with a mid-cap growth equity manager search in January.
The plan is searching potential replacement for its current domestic large-cap growth equity manager.
The selected firm will manage a Russell 1000 Growth Index mandate at least initially.
The plan first hired the domestic large-cap growth equity manager in 2012.