The plan terminated two small-cap equity managers as part of a newly approved domestic equity portfolio structure.
The plan approved three private markets commitments at a meeting today following presentations from the firms.
The plan last conducted a consultant search in 2015.
The plan hired two domestic small-cap value equity firms after interviewing finalists at today’s board meeting.
The plan will issue the RFP next month to seek a balanced ESG-focused investment option
The same manager had previously overseen both strategies.
Retirement system is seeking a consultant to run a record keeper RFP and serve as a fiduciary for the deferred compensation and defined contribution plans moving forward.
The plan made private equity and infrastructure commitments this month and will consider a 2022 private markets pacing plan this week.
The transaction is expected to close in the second half of 2022.
The index equity and tax-advantaged equity teams are joining the quantitative strategies team.