Equity
The search will be conducted to replace domestic large-cap value equity manager Hamlin Capital Management, which was terminated last month.
The retirement system is searching for a U.S. small-cap growth equity manager to handle a $40 million mandate.
The pension fund will interview four emerging markets equity managers next week after approving a restructuring of its portfolio at a May meeting.
The retirement plan also added a private equity commitment at last week’s board meeting.
The plan approved a new domestic equity structure that shifts the portfolio to 100% passive.
The retirement fund added domestic small-cap value and global low volatility equity managers to its watchlist in April.
The plan also made two private equity commitments at its board meeting today.
The retirement system will also see its deputy executive director retire next week.
The pension plan also made private debt and private equity commitments yesterday.
The pension plan hired a new domestic small-cap value equity manager to replace an underperforming incumbent last week.
