The searches are issued due to standard state procurement laws.
Manager has been on watch since September due to underperformance.
The plan will conduct an active domestic mid-cap value equity manager search as part of the second phase of its equity structure review.
The plan moved three of its index funds with Vanguard Group to index funds with Fidelity Investments.
Plan rehired its incumbent domestic large-cap growth equity manager following a search conducted by its consultant.
The plan will issue RFPs this year to comply with standard state procurement laws.
The plan hired a familiar face to run an international large-cap equity mandate at today’s board meeting.
The plan will consider replacing Allspring Global Investments, which has been on watch due to underperformance.
The plan is looking for options to potentially replacing an existing underperforming manager.
The plan added a second large-cap value equity manager to diversify its portfolio.