Small-Cap
The pension plan hired the manager as part of a new domestic equity structure.
Growth, core and value styles will all be considered in the search.
The plan hired a pair of domestic small-cap growth equity managers last week.
The plan considered the termination as well as a restructure of its international small-cap portfolio in December.
The West Coast retirement system consolidated to one manager from two at today’s board meeting.
The plan is preparing searches for international and U.S. small-cap equity managers for this year.
The plan will interview four finalists in its international small-cap value search.
The plan went with the incumbent manager in its domestic small-cap value equity search.
The retirement system concluded its domestic small-cap value equity search by selecting two managers.
The co-founder of a small-cap growth specialist firm died last month due to complications from a previous illness.