Mid-Cap
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.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
The plan is conducting the domestic mid-cap core equity search due to portfolio management changes at its incumbent, while the large-cap growth hire was made following an RFP issued last year.
Plan consolidated its manager roster into a smaller group of firms following approval of a new asset allocation recommended by its consultant last month.
The plan made hires for its large-cap and small- to mid-cap searches.
Plan moved a domestic small- to mid-cap equity mandate to a passive account and added a real estate commitment.
Mid-Atlantic Plan Seeking Active Equity Managers
The plan will seek active mid-cap equity managers to handle up to $2 billion.
