Equity
The plan will consider hiring two domestic equity managers to replace existing mandates with the same firm.
The retirement system also terminated an international growth equity mandate.
The plan’s incumbent was rehired in 2015 following a similar RFP process.
The retirement system conducted a similar search in 2016 when it rehired its incumbent manager.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in February.
A 529 plan based in a Western state has added two international equity funds to one of its investment option portfolios.
The plan made a $10 million growth equity commitment at its May meeting.
The plan’s incumbents manage more than $1.2 billion.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group after receiving an annual share class review in February.
The plan liquidated its inhouse passive global equity mandate and made $1.6 billion in total commitments in April.
