Domestic Equity
The plan hired a domestic small- to mid-cap core equity manager from a search that began in September.
The plan will search for an active domestic mid-cap equity to handle approximately $10 million.
The board of trustees will discuss terminating its domestic large-cap growth manager.
She manages the firm’s newly launched U.S. small- to mid-cap equity strategy.
Plan terminated a domestic small- to mid-cap equity firm and redistributed assets to its existing managers.
The plan will issue RFPs this quarter after canceling previous search due to COVID.
A Virginia-based pension plan added commitments with new and existing managers in September and made several changes to its fund lineup over the past fiscal year.
Argent employees purchased the company stock held by outsiders effective Dec. 31.
The plan is swapping domestic small- to mid-cap value equity managers this month and will have further discussions on direct lending at its February board meeting.
The plan rehired its incumbent manager after an RFP process that yielded three finalists.