Large-Cap
The fund has narrowed its search for a new global equity manager for its portfolio to three finalists and selected a firm in its domestic large-cap growth equity manager search at its board meeting this week.
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.