Passive Equity
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.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
The plan recently considered increasing its fixed-income target as part of an asset allocation study.
The pension plan hired the manager as part of a new domestic equity structure.
The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.