Equity
The retirement system’s global growth equity manager had been on watch due to underperformance.
The foundation swapped domestic large-cap equity firms within its long-term portfolio as its incumbent managers have underperformed.
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The domestic large-cap equity manager was hired as part of the board’s U.S. equity 2.0 portfolio.
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.
The plan’s domestic mid-cap value equity manager had been on watch due to underperformance.
The foundation is seeking an analyst to join its four-person public investments team.
The pension plan hired a new domestic large-cap growth equity manager last month.
The plan will consider active and passive strategies and responses that encompass U.S.-only mandates and products with a global component.
The retirement board will issue a global low volatility equity manager RFP early next week.