Domestic Equity
The plan replaced its domestic all-cap equity manager, which had been on watch since April 2022 due to underperformance.
Retirement system is seeking a pool of managers to provide the services.
The plan’s current managers were first hired in 2016 following a similar RFP process.
The West Coast retirement system consolidated to one manager from two at today’s board meeting.
The plan is preparing searches for international and U.S. small-cap equity managers for this year.
The plan replaced its domestic mid-cap growth equity manager due to underperformance.
The plan went with the incumbent manager in its domestic small-cap value equity search.
The retirement system concluded its domestic small-cap value equity search by selecting two managers.
The plans added a sustainable equity manager to their lineup in October after initially receiving an ESG/socially responsible product analysis search book in April.
The pension plan liquidated its approximately $210 million domestic small- to mid-cap growth equity and made commitments totaling $120.5 million in November.
