Small-Cap
Pension plan expects to review approving a search for international small-cap equity managers next month.
The manager will fill maiden targets of 5% to international small-cap equity for each plan.
The deferred compensation plan hired two domestic equity managers to replace existing mandates with the same firm yesterday.
The plan approved a search today as a potential alternative option to its incumbent manager.
The plan will consider hiring two domestic equity managers to replace existing mandates with the same firm.
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.