Mid-Cap
The plan’s current managers handle aggregate mandates of $25.6 million.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The plans recently replaced a domestic mid-cap growth equity manager due to underperformance and hired a sustainable equity manager.
The plan has current managers in the two asset classes.
The plan selected a new mid-cap growth manager over four other finalists to replace Allspring Global Investments at its August board meeting.
The retirement system is seeking a domestic mid-cap growth equity manager to handle a $12 million mandate.
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The plan approved the elimination of an active mid-cap equity mandate that had been on watch since last year.
The plan is considering shifting its small- and mid-cap manager relationships as part of a broader discussion about the domestic equity portfolio.
The plan will discuss potential real estate and infrastructure allocations at its August board meeting after opting to redeem from its core real estate manager yesterday.
