Passive Equity
The pension plan has replaced its domestic core-plus fixed-income manager due to personnel changes and underperformance.
The deferred compensation plan’s active global large-cap growth equity manager had been on watch since the third quarter due to underperformance.
The plan recently considered replacing its domestic core-plus fixed-income manager due to underperforma
The plan is searching for index managers to handle $10.5 billion.
The plan’s outsourced cio hired global large-cap growth equity and Russell 2000 Index fund managers in the first quarter.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
The pension plan will consider hiring five non-U.S. equity managers and approving a new private equity portfolio structure this week.
The plan will target a proposed allocation of $12 million to $18 million for pacing purposes.
The plans previously agreed to move their active domestic large-cap growth equity asset class to a passive mandate in December.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.