Equity
The retirement system also opted against action following an equity structure review last month.
The two managers were placed on watch last quarter for performance reasons.
The plan hired two of five firms interviewed for the mandate last week.
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.
