The plan also made several adjustments to its traditional growth portfolio at its meeting last week.
Investors favoring value investing do not need to only focus on small-cap stocks to access the value premium via long-only portfolios, new academic research finds.
The searches will go live on May 2.
Plan is keeping its domestic large-cap core manager following an RFP issued last year due to the firm’s performance.
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.