Large-Cap
The plans previously agreed to move their active domestic large-cap growth equity asset class to a passive mandate in December.
The plan made several changes to its manager watch list at a recent meeting.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The plan made the manager change due to performance issues with the incumbent.
The plan will move the assets with the state investment trust.
The plan rehired its incumbent after finalist interviews.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
Market enthusiasm generated by the rapid development of new artificial intelligence products has may signal innovation and growth in the long term, though some of that enthusiasm may have led the markets to overvalue some public equity stocks or venture funds in the short-term, according to an outsourced cio.
The plan also interviewed two firms in its domestic large-cap growth equity manager search last month.
The pension plan hired the manager as part of a new domestic equity structure.
