Domestic Equity
The internal investment pilot is part of the board’s efforts to enhance investment outcomes.
The search for each retirement plan is due to state statute requirements.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The plan approved a search to fill a $390 million allocation last week.
The fund also failed to approve a hire in its private markets consultant search at today’s board meeting.
The retirement fund terminated an emerging markets large-cap core equity manager and made commitments totaling $2.7 billion in January.
The pension plan has made four equity investments totaling $850 million.
The plan’s current domestic large-cap growth equity manager will see a portfolio manager change.
The plan’s contract with its current ESG investment option will expire.
The plan’s current U.S. small-cap growth equity option has experienced underperformance.