Small- to Mid-Cap
The retirement system swapped out managers for its roughly 3% target to the asset class.
Plan is considering the addition of a domestic small- to mid-cap core equity manager to its portfolio.
The search for each retirement plan is due to state statute requirements.
The plan will also interview a finalist in its domestic large-cap core equity manager search next month.
The searches are open to growth and value equity managers.
The retirement system hired Dimensional Fund Advisors to handle international value and domestic small-cap value equity mandates last quarter.
The decision comes after the plan had initially decided to go ahead with a search for emerging managers-of-managers last month.
The pension fund concluded a general investment consultant search by selecting its incumbent this week.
The retirement system will conduct a full search for emerging managers-of-managers after reviewing a consultant presentation on available options at today’s meeting.
The searches result from a new domestic equity structure.