His portfolio manager responsibilities will be assumed by other team members, the firm said.
A Southern pension plan consolidated its passive domestic equity portfolio at today’s board meeting.
The plan recently hired a domestic small- to mid-cap growth equity manager and terminated a domestic large-cap firm.
Plan will hear potential options related to its international large-cap value mandate due to the underperformance of its current manager.
The plan approved a $10 million investment in the manager at its board meeting today.
The plan made selections following interviews with two firms due to underperformance from incumbent managers.
He will help manage the firm’s flagship fund focused on enterprise software, data and technology.
The plan made the move following an investment team departure from the incumbent active manager.
Plan’s investment advisory committee agreed to endorse a private markets consultant recommendation that will require full board approval later this month.
Plan approved a new Standard & Poor’s 500 Index fund provider in a cost savings measure this week.