Passive Equity
The plan rehired its incumbent managers following searches launched earlier this year.
The plan is seeking passive large-cap equity providers and is also interested in firms with passive small-cap offerings.
The plan has issued RFPs seeking an active core fixed-income manager as well as index managers.
The fund approved the search last month to survey the market for pricing and services as the incumbent has been providing the services since 2006.
The plan expects to hold finalist interviews in September as part of an ongoing manager search and approved changes to its equity manager target allocations yesterday.
The college savings plan approved adding a passive international equity comingled fund to its portfolio at the expense of two actively managed funds to reduce risk and lower management costs.
The plan also named a new manager at a board meeting earlier this year.
The retirement association is looking to add a passive component to its international equity portfolio.
The retirement system last conducted a similar search in 2010.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
