Passive Equity
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
The retirement system hired a new manager to replace BlackRock last month.
The program expects to conclude its domestic all-cap equity index manager search at a special board meeting this month.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The plan was slated to approve two active domestic mid-cap equity manager terminations at a meeting this week.
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.