Large-Cap
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.
The plan is also slated to kickstart an asset/liability study and will see the results early next year.
The plan’s U.S. large-cap equity portfolio is now held in one passive mandate.
Former Verus President Shelly Heier will lead the firm’s head of global institutional client service.
The plan replaced its international growth equity manager in June.
The pension plan terminated one of its international large-cap core equity managers due to underperformance.
The deferred compensation plan replaced its international large-cap value equity manager yesterday due to underperformance.