Small-Cap
The plan will move at least a portion of its roughly $57.4 million domestic small-cap core equity mandate to a passive option while it considers the role of the asset class as part of a broader public equity review.
The search is opened to commingled funds, mutual funds or limited partnerships.
The retirement system will consider placing its international small-cap core equity manager on watch at Friday’s board meeting.
The retirement system terminated its incumbent domestic small-cap core equity manager earlier this year.
The plan is seeking small-cap, small- to mid-cap and large-cap managers in a search open to core, growth and value styles.
A foundation based in the Midwest replaced a small-cap growth equity manager with a similar strategy.
The fund will discuss potentially conducting a search to replace its incumbent small-cap value manager due to underperformance.
The retirement system will interview two growth and two value finalists next month.
The retirement system will interview three firms at its board meeting tomorrow.
The retirement system is considering a replacement search for an underperforming manager.