Small-Cap
The plan hired a new domestic small-cap equity manager last month, replacing a terminated incumbent manager.
The retirement system is monitoring its domestic small-cap core equity manager for performance reasons.
The potential move comes as the strategy’s portfolio manager recently retired.
The retirement system approved the hire following a search report presentation from its consultant.
The retirement system has issued separate RFPs for small-cap value and small-cap growth managers.
The pension plan also made a real assets commitment this week.
The plan concluded a non-U.S. equity portfolio restructure with an international small-cap hire this week.
The plan approved a search to fill a $390 million allocation last week.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The pension plan has made four equity investments totaling $850 million.