The plan terminated its hedge fund investment after closed session manager reviews.
The board will hear a presentation from the manager to address concerns raised by its consultant.
The plan hired two new managers and rehired another as the result of its non-U.S. equity searches.
The plan hired a domestic small- to mid-cap core equity manager from a search that began in September.
The plan made buyout commitments to two existing managers last month.
The plan will search for an active domestic mid-cap equity to handle approximately $10 million.
The board of trustees will discuss terminating its domestic large-cap growth manager.
The plan named a new principal investment officer for real assets.
The plan is looking to issue an RFP for a balanced ESG-focused investment option.
The terminated firm was replaced by two incumbent minority-owned managers at today’s meeting.