Small-Cap
The firm will see the retirement of one of five portfolio managers on its U.S. small-cap growth equity team at the end of June.
The plan will receive information on three to four potential managers at a future meeting.
The plan transferred the assets to an existing Standard & Poor’s 500 Index mandate last week.
The plan approved commitments to two existing managers.
The new manager replaced the plan’s incumbent small-cap value manager due to an acquisition.
The plan rehired its incumbent after interviewing four total firms today.
Plan staff is considering searches in small-cap equity and multi-asset credit searches later in 2023.
The plan agreed to conduct two domestic equity manager searches to potentially replace existing mandates with the same firm.
The institution is seeking investors with experience investing in smaller listed companies in the U.K. and Europe as it finds the opportunity set interesting.
The plan may hire two direct lending managers next month.