The plan will consider replacing its international small-cap equity mandate with MFS Investment Management in May.
The plan hired a domestic small- to mid-cap core equity manager from a search that began in September.
The plan will search for an active domestic mid-cap equity to handle approximately $10 million.
Plan terminated a domestic small- to mid-cap equity firm and redistributed assets to its existing managers.
The plan is swapping domestic small- to mid-cap value equity managers this month and will have further discussions on direct lending at its February board meeting.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
Five-member value team expects to officially spinout as a new, Boston-based firm in the first quarter.
The plan added domestic small- to mid-cap core and value managers to handle $90 million each.
The plan hired its general investment consultant and selected two new active mid-cap equity managers.
Most of the firm’s equity will continue to be held by employees.