Large-Cap
The pension plan replaced its domestic large-cap growth equity manager in the second quarter due to underperformance.
The retirement system’s outsourced cio recently terminated a global large-cap core equity manager due to underperformance.
The retirement system was scheduled to consider domestic large-value equity alternatives to incumbent GAMCO Investors due to concerns over succession planning.
The plan will reduce its domestic large-cap growth exposure by eliminating an existing manager.
The foundation increased its large cap growth equity fund’s allocation to an incumbent manager that utilizes a research-based investment process in quality growth companies.
The plan will not look to renew contracts with two incumbent large-cap growth equity managers.
The retirement system moved away from its active domestic large-cap growth equity manager.
The plan also hired a new domestic large-cap value equity manager in the first quarter.
The deferred compensation plan replaced its international large-cap value equity manager in the fourth quarter due to underperformance.
The plan also made a real estate commitment at today’s board meeting.