Large-Cap
The retirement system has issued an RFP for domestic large-cap equity managers to handle $1.6 billion.
The retirement system will release its statutorily required RFP later this month.
The deferred compensation plan is seeking a domestic large-cap value equity manager to replace its incumbent, which has underperformed.
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.