Small-Cap

Plan replaced its domestic small-cap value equity manager from a group of three candidates this week.

The plan opted to temporarily move to an index fund while a domestic equity structure study is conducted after the firm’s existing manager recently announced significant organizational changes.

A Wisconsin pension plan is targeting searches in private debt and defensive equity following approval of a new asset allocation last week.

He will help oversee small-cap core and small- to mid-cap equity strategies, the firm said.

The plan made minor increases to equity at the expense of fixed-income at its meeting yesterday.

The plan has been expected to issue an RFP for domestic small-cap growth equity managers.