Passive Equity
The plan’s general investment consultant will search for a new active international equity manager in the near future.
The plan is searching for domestic and international equity, core fixed-income and core real estate managers.
The plan consolidated its passive management to a single firm in August.
The plan is seeking a firm to replicate the MSCI EAFE Index.
The plan is seeking index managers to handle a total of $45 million.
The fund opted to replace its mid-cap growth investment due to underperformance.
The fund anticipates awarding five contracts in the search.
The plan added an international large-cap value equity index manager last month.
The plan’s incumbent managers were first hired in 2018.
The deferred compensation plan hired a passive domestic large-cap growth equity manager to replace an active mandate last month.