Small-Cap
The search follows a recent portfolio manager departure from its incumbent manager.
He has co-managed the firm’s small-cap value fund since 2019.
The plan terminated an underperforming international equity manager and made a venture capital commitment last month.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
The plan will issue RFPs within the next two months due to standard state procurement laws.
The fund will focus on lower middle market service industry companies.
The plan hired a new domestic small-cap growth equity manager after Voya Investment Management acquired the U.S. business of prior manager Allianz Global Investors.
The plan will interview two firms next month to handle nearly $200 million.
The plan first hired Highclere International Investors in 2019.
Plan placed its domestic mid-cap growth equity manager on watch due to an impending portfolio manager retirement.