Small-Cap
The plan may hire two direct lending managers next month.
The plan swapped domestic small-cap core equity managers last month following a search by its investment consultant last year.
The plan fully redeemed a market-neutral investment and will consider an international small-cap value equity manager hire.
The plan’s incumbent manager will see its contract expire this year.
The institution hired two domestic small-cap equity managers and added two venture capital commitments with existing managers at a meeting late last week.
The plan asked its general investment consultant to prepare a search after an asset allocation discussion at today’s board meeting.
The plan selected a winner after interviewing a total of three finalists today.
Plan will replace a recently terminated core real estate manager.
The plan added a balanced fund manager within its advisor and direct plans to its watchlist due to underperformance.
The plan made a U.S. small-cap value equity manager hire at its November board meeting.