Equity
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.
The plan hired two new managers and retained three at a board meeting this week.
The pension plan replaced its domestic large-cap value equity manager in the fourth quarter due to underperformance.
The retirement trust terminated its sole active large-cap equity manager last month for performance reasons.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The plan also terminated an emerging markets equity manager for performance reasons.
The domestic large-cap growth equity manager had been on watch due to underperformance.
The pension plan also made a real assets commitment this week.