Passive Equity
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.
The board replaced existing passive domestic equity and hedge fund managers at a meeting last month.
