Large-Cap
The retirement system will discuss implementing its new strategic asset allocation with manager searches.
The plan is conducting the search in anticipation of the expiring contracts of its three large-cap growth managers.
The foundation swapped domestic large-cap equity firms within its long-term portfolio as its incumbent managers have underperformed.
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 pension plan hired a new domestic large-cap growth equity manager last month.
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.