The plan is conducting the domestic mid-cap core equity search due to portfolio management changes at its incumbent, while the large-cap growth hire was made following an RFP issued last year.
The plan hired an additional domestic large-cap growth equity manager after finalist interviews held at its board meeting today.
Plan consolidated its manager roster into a smaller group of firms following approval of a new asset allocation recommended by its consultant last month.
Plan terminated active large-cap value and small-cap growth strategies with a single manager this week.
The plan is looking to hire at least one manager and may also build a pool of managers for future allocations.
The plan will dole out $660 million in total to small-cap and micro-cap equity managers.
The plan hired new domestic large-cap equity managers and retained two incumbents global bond managers.
The plan made hires for its large-cap and small- to mid-cap searches.
Plan moved a domestic small- to mid-cap equity mandate to a passive account and added a real estate commitment.
The plan is conducting the search after voting to consolidate three existing index portfolios into a Russell 3000 Index.
Financial Investment News is a key service provider for the asset management and financial services industries. For further details on our offerings, contact Victoria Dorage at [email protected]