Large-Cap
The pension plan will consider hiring two domestic large-cap growth equity managers later this month as part of an ongoing shortlist search.
The plan added a new domestic large-cap growth equity option to its lineup in May.
The plan is seeking passive large-cap equity providers and is also interested in firms with passive small-cap offerings.
The plan concluded a domestic large-cap growth equity manager search in the second quarter.
The trust split its domestic large-cap value equity allocation with an additional manager hire last quarter.
The plan’s incumbent domestic large-cap growth equity manager had been on watch due to underperformance following the departure of its portfolio manager.
The plan will also interview domestic large-cap growth managers next month, while the city’s Fire plan will interview emerging markets equity firms.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plan hired a new domestic large-cap core equity manager to replace its underperforming incumbent.
The fund approved a search for domestic large-cap growth index managers at its board meeting last week to review pricing and see what others firms could provide the services as it has been utilizing the same manager since 2006.