Mid-Cap
The plan expects to hire a new domestic mid-cap growth equity manager later this month.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The plan is seeking managers to replicate domestic small-cap and mid-cap equity indexes.
The plan’s current mid-cap and small-cap managers are under review.
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The pension plan will interview three firms at its April board meeting.
The pension plan hired the manager as part of a new domestic equity structure.
The plan’s current managers were first hired in 2016 following a similar RFP process.
The plan replaced its domestic mid-cap growth equity manager due to underperformance.
The RFPs were approved at last month’s board meeting.
