Small-Cap
The pension plan will conduct domestic large-cap and small-cap equity manager searches this year.
This week’s hire complements an existing emerging markets equity manager as part of an ongoing international equity portfolio restructure.
The retirement plan also terminated a core-plus fixed-income manager.
The retirement system approved private markets commitments at its board meeting today.
The retirement system last conducted a similar search in 2018.
The plan expects to add eight additional non-U.S. equity managers over the next two months.
The retirement system terminated a domestic small-cap growth equity manager last month for performance reasons.
The retirement system is seeking active global all-cap, large-cap, mid-cap and small-cap equity managers.
The plan’s current international small-cap equity manager has been on watch since early 2023.
The board has hired two domestic equity managers to replace existing managers across its three investment plans.
