Large-Cap
The retirement system diversified its previously all-passive domestic large-cap equity portfolio with the addition of an active large-cap core mandate.
The deferred compensation fund hired a new domestic large-cap value equity manager at today’s meeting.
The pension plan added three new managers to its equity portfolio last week.
The terminations are consistent with the retirement plan’s previously approved public equity restructuring.
The deferred compensation plan replaced its domestic large-cap value equity manager in the fourth quarter.
The investment board also hired a new international growth equity manager.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The plan moved more than $70 million into passive strategies at its February meeting.
The state deferred compensation fund previously authorized a search to replace an underperforming incumbent in January.
The retirement system hired a new international large-cap core equity manager for diversification purposes last month.