Domestic Equity
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.
The retirement fund hires a new short-term fixed-income manager in September.
