Large-Cap
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.
The upcoming search complies with standard state procurement laws.
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The deferred compensation plan has replaced its domestic large-cap core equity manager, which had been on watch due to underperformance.
The plan also named four finalists in its global equity manager search.