Domestic Equity
The manager had been on watch since 2024 due to underperformance.
The contract with the new consultant, which was approved in December, stems from an RFP process launched in the third quarter.
The pension plan terminated its incumbent small-cap growth manager following organizational considerations and performance outcomes.
The search follows several personnel changes at its incumbent mid-cap growth manager, which has prompted concern from another pension fund.
The plan has asked its consultant to come back with U.S. mid-cap growth and value manager options.
The plan also terminated a domestic small-cap growth equity manager.
The retirement system terminated its active domestic large-cap growth equity manager last month due to underperformance.
The three firms are recommended for watch status due to underperformance.
The board hired domestic and international all-cap equity managers last quarter.
The system is seeking small-cap strategies as part of a U.S. public equity manager RFQ launched this month.