Small-Cap
The plan last conducted a similar search in 2016.
The retirement has led to at least one plan placing the firm on watch.
The plan is seeking passive large-cap equity providers and is also interested in firms with passive small-cap offerings.
The retirement system’s general investment consultant will return to next month’s board meeting with an international small-cap equity search.
The plan is seeking global and international small-cap and small- to mid-cap equity managers after approving the RFP last week.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The pension plan hired a new domestic small-cap growth equity manager to replace its incumbent due to underperformance.
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 plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.