Passive Equity
The board has hired two domestic equity managers to replace existing managers across its three investment plans.
The retirement system will conduct a search for three fixed-income mandates.
The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
Active large-cap value and Wilshire 5000 index mandates were shifted into a Russell 1000 Index fund earlier this quarter.
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
The plan relaunched a search after initially hiring a firm last year.
The plan has made several changes to its portfolio in recent months.
The plan appears to have terminated its active domestic large-cap equity manager in the second quarter.
The manager hire concludes a domestic all-cap equity index manager search, which the program launched in March.
The retirement system authorized its cio to terminate several public markets investments last month.