Large-Cap

A 529 plan in the South hired a replacement domestic small-cap value equity manager and removed a domestic equity manager from its watchlist at its second quarter board meeting.

The search for domestic large-cap core equity managers is required by state statute.

The plan concluded searches for an active international large-cap value equity manager and a passive domestic mid-cap equity manager in March.

The plan is seeking up to two domestic large-cap growth equity managers and a defined contribution consultant.

Plan placed its domestic large-cap growth equity manager on watch last month due to consistent underperformance compared to the benchmark.

The plan is looking to hire a domestic large-cap growth equity manager to complement an existing firm.