Mid-Cap
The plan is conducting the searches to comply with state procurement law.
The plan will begin with a mid-cap growth equity manager search in January.
Plan’s new domestic mid-cap value equity manager will handle a 2.5% allocation.
Plan placed its domestic mid-cap growth equity manager on watch due to an impending portfolio manager retirement.
The plan hired a new domestic small- to mid-cap growth equity manager and will make potential changes to its long/short portfolio.
The plan made a decision in its domestic small- to mid-cap growth equity search at today’s board meeting.
Plan intends to complete domestic mid-cap value and growth equity searches by the first quarter.
The board hired a new domestic mid-cap growth equity manager following finalist interviews held last week.
Termination shifts large-cap growth assets to a passive allocation in anticipation of investing in mid-cap equities for the first time.
The plan is looking for potential replacement managers due to asset outflows and personnel turnover at its incumbent.