Passive Equity
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.
The searches stem from a new asset allocation and international equity structure review approved in February.
The plan is seeking managers to handle a total of $135 million.
The search is being conducted to diversify the program’s investment lineup.
The plan is seeking managers to replicate domestic small-cap and mid-cap equity indexes.
The plan’s current mid-cap and small-cap managers are under review.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.