Large-Cap
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The pension plan has made four equity investments totaling $850 million.
The plan’s current domestic large-cap growth equity manager will see a portfolio manager change.
The plan completed a search for emerging markets small-cap ex-China equity managers in the fourth quarter.
The retirement system approved the search at its February board meeting.
The plan also hired an active domestic large-cap core equity manager at today’s board meeting.
The retirement system approved a private equity fund-of-funds commitment to an existing manager relationship at yesterday’s board meeting.
The retirement system selected a new manager following three finalist interviews held last week.
The plan hired one new manager and retained one incumbent today.
The plan’s existing large-cap growth manager had underperformed.