Mid-Cap
The plan also added a new 6% target to private credit.
The plan launched a search earlier this year to replace an active domestic mid-cap core equity manager.
The pension fund also trimmed an underperforming manager’s mandate by 30%.
The retirement fund replaced its small-cap value and small- to mid-cap growth mandates with a pair of core managers last month.
The pension fund will become the initial investor in a new domestic mid-cap value equity strategy.
The retirement system terminated an equity manager that handled two mandates yesterday.
The pension fund swapped domestic mid-cap value equity managers due to underperformance from the incumbent.
The plan is considering replacing an underperforming domestic equity manager and is also asking for a list of potential private equity options.
The plan’s investment consultant will present potential alternative domestic mid-cap equity managers in May.
The deferred compensation plan recently replaced its domestic mid-cap value equity manager due to underperformance.
