Small- to Mid-Cap
The retirement fund placed domestic small- to mid-cap value and international small-cap equity managers on watch last month.
The retirement fund replaced its small-cap value and small- to mid-cap growth mandates with a pair of core managers last month.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.
The plan also hired two credit managers in the fourth quarter.
The plan hired domestic small- to mid-cap growth and value equity managers at a meeting today.
The search is in conjunction with a recommendation to place a domestic small- to mid-cap equity manager on watch.
The plan is considering replacing an underperforming domestic equity manager and is also asking for a list of potential private equity options.
The retirement system is seeking a firm to handle between $10 million and $15 million.
The retirement system hired a firm this week after interviewing three finalists.
The retirement system recently replaced its domestic small- to mid-cap value equity manager.