Small-Cap
The trust hired an active manager for domestic small-cap equity in lieu of a Russell 2000 Index Fund investment.
The plan hired a new domestic small- to mid-cap growth equity manager and will make potential changes to its long/short portfolio.
The plan approved a consultant recommendation to swap out its domestic small-cap core equity mandate due to a change in the firm’s investment process.
The terminations stem from a completed domestic equity restructuring.
The plan made a decision in its domestic small- to mid-cap growth equity search at today’s board meeting.
The plan also slated domestic small-cap growth equity manager finalist interviews for its September meeting.
The plan is considering a change in managers after previous manager Allianz Global Investors sold its U.S. business to Voya Investment Management.
The plan is looking for potential replacement managers due to asset outflows and personnel turnover at its incumbent.
The plan terminated its international small-cap equity manager after closed session discussions.