Small- to Mid-Cap
The pension plan liquidated its approximately $210 million domestic small- to mid-cap growth equity and made commitments totaling $120.5 million in November.
The deferred compensation plan recently made several changes to both its equity and fixed-income portfolios.
The hire concludes a search to replace a current underperforming manager.
The RFPs will seek managers to handle 10 different strategies.
The selected firm will replace an incumbent that was terminated earlier this year.
The plan’s current managers handle aggregate mandates of $25.6 million.
The plan launched a search earlier this year to replace a former manager that was terminated.
The selected firm will assume an $86 million mandate currently handled by an underperforming manager.
The plan is seeking small- to mid-cap growth and value equity managers as it considers a streamlining of its domestic equity portfolio.
The plan has narrowed a search to nine international small-cap managers for interviews with staff and its consultant.
