The recommendation was part of a domestic equity portfolio structure review presented at a board meeting yesterday.
The plan is expected to approve hires in its shortlist international small-cap equity manager search later this week.
A Texas-based pension plan made an emerging markets equity manager hire at this week’s investment committee meeting.
The plan hired two international small-cap equity managers following an RFP search.
Plan will conduct an RFP for multi-asset credit managers later this year as the result of asset allocation changes that also include a maiden private debt target approved at today’s board meeting.
The plan added its domestic small-cap value equity manager to watch as it gears up to go out to bid.
The plan’s general investment consultant will conduct a search for a domestic small-cap equity manager to complement its small-cap value manager.
The plan is conducting a replacement search after terminating its incumbent domestic small-cap value equity manager.
The plan approved a new 2% target to China equity at a meeting today.
The plan does not currently have an active small-cap firm after terminating the previous manager earlier this year.