The plan is swapping domestic small- to mid-cap value equity managers this month and will have further discussions on direct lending at its February board meeting.
The plan will interview three firms later this month in a search to replace incumbent LMCG Investments.
The acquisition took effect on Jan. 3.
The plan will conduct a detailed review of its emerging markets equity portfolio that will include small-cap candidates next month.
The plan is searching for its first domestic small-cap growth equity manager to handle between $8 million and $10 million.
The plan will conduct a target-date fund manager search to potentially replace an existing mandate.
The plan will implement its recently approved asset allocation policy in three phases.
Plan approved a search for a domestic small-cap value equity manager due to organizational changes at its incumbent firm.
The founder started the small-cap equity firm in 1975.
The plan is nearing the conclusion of its domestic small-cap equity and fixed-income manager searches.