Domestic Equity
The retirement system will also consider several changes to its public equity and real estate portfolios this week.
The $50 million investment concludes a search for an additional long/short strategy initiated late last year.
The search is being conducted to potentially replace un underperforming incumbent.
The plan previously had the portfolio in a Standard & Poor’s 500 Index fund.
The retirement system has issued its RFP seeking a U.S. small- to mid-cap equity manager to handle approximately $60 million.
The 529 plan added a domestic mid-cap value equity strategy and swapped responsible equity investments at a meeting last month.
The plan will review a recommendation to hire a new domestic large-cap value equity manager this week.
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The plan hired two multi-asset credit managers at a board meeting today.
The retirement system will issue an RFP next week for a U.S. small- to mid-cap equity manager for a $60 million mandate.