Small-Cap
The plan began a replacement search for a domestic mid-cap equity manager terminated last quarter.
The retirement system’s international small-cap portfolio consisted of a $57.8 million core mandate with Global Alpha Capital Management.
The retirement system replaced three underperforming domestic equity managers in the fourth quarter.
The retirement system has issued three domestic equity manager RFPs.
The plan’s investment committee previously narrowed a search to two recommended hires following finalist interviews held earlier this month.
The plan placed one manager on formal watch and terminated another.
The retirement system will split a mandate between two firms following finalist interviews held this week.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The plan interviewed three finalists in closed session at yesterday’s board meeting.
The plan also recently concluded its non-U.S. equity manager searches.
