Small-Cap
The plan opted for an emerging markets equity fund with more diversified holdings.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
The plan’s upcoming search will not include its incumbents.
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The plan had been scheduled to issue the RFP for due diligence purposes.
The plan’s current small-cap core manager was first hired in 2008.
The pension plan will interview three firms at its April board meeting.
The pension plan hired the manager as part of a new domestic equity structure.
Growth, core and value styles will all be considered in the search.
The plan hired a pair of domestic small-cap growth equity managers last week.