Domestic Equity
The plan terminated its incumbent mid-cap core manager last month.
The plan also made two private equity commitments at its board meeting today.
The retirement system will also see its deputy executive director retire next week.
Plan staff intends to bring minimum qualifications in its domestic small-cap value equity manager search to the board next month.
The incumbent manager is currently on watch for performance reasons.
The pension plan hired a new domestic small-cap value equity manager to replace an underperforming incumbent last week.
The plan will seed a new strategy headed by a former senior managing director.
The search follows underperformance within the asset class.
The plan is replacing an existing equity manager and making its first private equity investment since 2019.
The pension plan replaced a domestic large-cap value equity manager in the first quarter.
