Domestic Equity
The search for each retirement plan is due to state statute requirements.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The plan approved a search to fill a $390 million allocation last week.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The pension plan has made four equity investments totaling $850 million.
The plan’s current domestic large-cap growth equity manager will see a portfolio manager change.
The plan’s contract with its current ESG investment option will expire.
The plan’s current U.S. small-cap growth equity option has experienced underperformance.
The plan replaced two existing managers in the fourth quarter due to underperformance.