Equity
The deferred compensation plan is searching for an active manager to handle its ESG investment option.
The pension fund concluded an RFP process for international core and value equity managers.
The retirement system terminated its international all-cap manager due to underperformance.
Four international equity managers will vie for approximately $164 million.
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.