Domestic Equity
The investment manager has named a new lead portfolio manager for its small and small- to mid-cap equity team.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The plan made the manager change due to performance issues with the incumbent.
The plan is seeking managers to handle a total of $135 million.
The search is being conducted to diversify the program’s investment lineup.
Funding for the new domestic small-cap growth mandate comes from a passive investment with RhumbLine Advisers.
The plan will move the assets with the state investment trust.
The plan rehired its incumbent after finalist interviews.
The foundation is eyeing more impact investments this year as it also reviews its fixed-income allocations.