Domestic Equity
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The plan had been scheduled to issue the RFP for due diligence purposes.
The plan’s current small-cap core manager was first hired in 2008.
The plan also interviewed two firms in its domestic large-cap growth equity manager search last month.
The plan recently considered increasing its fixed-income target as part of an asset allocation study.
The search is for active large-cap, small- to mid-cap and small-cap equity managers.
The pension plan hired the manager as part of a new domestic equity structure.
The plan will receive recommendations to add managers to its watch list.
The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.
