Newly released materials show a replacement search recommended by its consultant.
Plan terminated its domestic small-cap value equity manager due to the firm’s investment team spinning out to form a new entity.
Five-member value team expects to officially spinout as a new, Boston-based firm in the first quarter.
The plan added domestic small- to mid-cap core and value managers to handle $90 million each.
The fund is looking for emerging managers-of-managers to handle domestic small-cap and large-cap equity portfolios.
The plan hired two firms in the domestic small-cap equity space to replace a previously terminated manager.
The plan will conduct the search to replace an underperforming incumbent.
The plan terminated a domestic small-cap core equity manager and made a private equity commitment with an existing manager this week.
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
Plans add emerging markets equity and international small-cap investments for diversification purposes.