Equity
The plan issued an RFP earlier this year for diversification purposes.
The ballot measure aims to establish an endowment to support state government instead of taxing residents with a goal of eliminating individual and corporate income taxes, sales taxes and all other state-sanctioned taxes.
The plan made two hires in its small-cap core equity manager search last quarter.
The retirement system also liquidated its domestic small- to mid-cap value equity mandate last month.
The investments and commitments total more than $650 million across public equity and private markets.
The plan placed its sole global equity manager on watch in the second quarter.
The plan adopted a new non-U.S. equity structure last month for diversification purposes.
The plan hired one new manager and retained four in its search.
The new firm will complement two existing managers within the plan’s international equity portfolio.
The retirement fund also terminated a domestic large-cap value equity manager at a board meeting today.
