Domestic Equity
The fund opted to replace its mid-cap growth investment due to underperformance.
The fund anticipates awarding five contracts in the search.
The plan is looking to invest up to $35 million across the two strategies.
The retirement system approved issuing the RFPs last month due to standard state procurement laws.
The retirement plan will seek board approval to add two domestic equity managers on watch next week.
The pension plan approved asset allocation changes within its domestic equity, real estate and private markets portfolios yesterday.
The program will also invite its domestic mid-cap growth equity manager to present at a future board meeting with the intent of placing the firm on watch due to underperformance.
The deferred compensation plan also received proposals from Fiduciary Consulting Group, NFP Retirement, SageView Advisory Group and USI Consulting Group.
The plan is seeking a fund-of-one structure to manage an initial 3% of its long-term 7% target to the asset class.
The retirement system also made several changes to its public equity and real estate portfolios last week.