Large-Cap
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.
The deferred compensation plan hired two domestic equity managers to replace existing mandates with the same firm yesterday.
The endowment will consider approving a search for a new domestic large-cap growth index manager at its board meeting next week due to the incumbent firm’s placement on an energy discrimination boycott list.
The plan will consider hiring two domestic equity managers to replace existing mandates with the same firm.
The plan’s incumbent was rehired in 2015 following a similar RFP process.
The plan’s incumbents manage more than $1.2 billion.
The plan hired a new manager for domestic large-cap growth equities during a meeting today.
The plan will receive a list of active and passive candidates next month.
The fund will conduct searches for a U.S. large-cap growth equity manager and a global equity manager with a tilt toward either core or value stocks after approving a new asset allocation at its May board meeting.
The plan is looking to invest $5 million each in large-cap growth and large-cap value.