Small-Cap
The plan began searches for active domestic large-cap, small- to mid-cap and small-cap equity managers in February.
The plan also terminated three managers last week.
The trust fund has hired an international small-cap equity manager over two other finalists following a search and rehired its general investment consultant following an RFP from the second quarter.
The retiree trust fund may terminate an international small-cap equity manager without improved performance to end the year.
The city will interview three small-cap core managers in October.
The plan will receive information on three real estate managers at its November meeting, which will also see a presentation from an underperforming domestic equity manager.
The pension plan hired two equity managers and replaced its existing money market manager in the second quarter.
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
The RFP was slated to be issued to comply with standard state procurement laws.
The plan is looking to invest 2% of its assets with an emerging markets small-cap equity manager.