Equity
The pension plan recently made commitments totaling $945 million and terminated a domestic small-cap growth equity manager.
The retirement system will issue an RFP next week for a U.S. small- to mid-cap equity manager for a $60 million mandate.
The plan will seek one firm to handle domestic large-cap and small-cap and international equity mandates.
The firm has hired a head of Asian equities to lead its equity team across 10 markets and oversee investment process execution across Asia.
The investment board disclosed a domestic small-cap core equity manager termination and private markets commitments totaling $95 million today.
Four total firms were interviewed in May for the mandate.
The deferred compensation plan hired a passive domestic large-cap growth equity manager to replace an active mandate last month.
The foundation added an international large-cap equity allocation after revising its asset allocation last year.
The plan reviewed proposed allocation mixes that add a dedicated high-yield bond target while significantly increasing intermediate grade core-plus fixed-income, both of which would result in searches for new managers.
The pension plan replaced its domestic large-cap growth equity manager in the second quarter due to underperformance.