Small-Cap
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.
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.