Passive Equity
Plan terminated active large-cap value and small-cap growth strategies with a single manager this week.
The plan intends to invest $4.8 billion in a passively managed broad-based market index fund.
The plan hired two passive investment managers at a board meeting last week following interviews.
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.
The plan is conducting the search after voting to consolidate three existing index portfolios into a Russell 3000 Index.
A system based in the West is expected to receive a staff recommendation to transition the management of its endowment to a single outsourced cio provider this week.
The plan will conduct three equity manager searches to potentially replace existing mandates.
The plan is searching for active all-cap growth managers and passive equity managers.
The plan terminated sustainable equity manager Neuberger Berman, which had been on watch.
