Equity
The deferred compensation plan replaced its domestic large-cap value equity manager in the first quarter.
The plan interviewed three domestic small-cap growth equity managers in August for the mandate.
The retirement system also terminated its domestic large-cap growth equity manager in the third quarter.
The retirement system will receive potential international equity candidates next month.
The new manager will handle a mandate of up to $250 million.
A new survey from a global investment firm has found that U.S.-based RIAs are interested in adding new exposures to international and equity ETFs in their client portfolios.
The plan adopted a new target asset allocation that makes minor adjustments to its current policy at today’s board meeting.
The retirement fund also disclosed commitments totaling roughly $1.2 billion in July and August.
There are no plans for a replacement search at this time.
The retirement system also replaced its domestic small- to mid-cap core equity manager last month.
