Small-Cap
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.
The plan will receive a recommendation to approve a new manager structure for the asset class that will result in eliminations and subsequent searches.
The plan’s incumbent was first hired in 1997.
The plan replaced its existing domestic small-cap value equity manager due to underperformance and organizational turnover.
The city’s deferred compensation and defined contribution plans replaced a domestic small-cap value equity manager today and its defined benefit plan will schedule finalist presentations in its large-cap growth search for next month.
The plan narrowed its domestic small-cap value equity search to three finalists and concluded its diverse fund-of-funds search.
The plan hired a new domestic small-cap equity manager at its board meeting this month.
The plan is conducting the searches to comply with state procurement law.
The plan’s incumbent manager will be interviewed along with three other finalists.