Passive Equity
The plan received three responses to a passive equity manager RFP issued in August.
The plan is seeking bundled/platform passive management services for various portfolios.
The RFPs will seek managers to handle 10 different strategies.
The pension plan will liquidate its $227.5 million timber mandate and $106.4 million farmland mandate due to underperformance.
One of two private credit commitments approved earlier this year has failed in negotiations.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The plan decided to move one of its active international equity managers to passive management following performance concerns.
The plans recently replaced a domestic mid-cap growth equity manager due to underperformance and hired a sustainable equity manager.
The college savings plan has selected a new manager to handle its international equity portfolio after unsuccessfully appointing a firm in the second quarter.
The plan elevated its core-plus bond manager to watch status.