Small-Cap
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.
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.
