Large-Cap
The plans have both adjusted their asset allocations since moving to Mariner Institutional.
The deferred compensation plan has replaced its domestic large-cap core equity manager, which had been on watch due to underperformance.
The plan also named four finalists in its global equity manager search.
The deferred compensation plan terminated two equity managers, which had both been on watch due to underperformance, in May.
The plan began searches for active domestic large-cap, small- to mid-cap and small-cap equity managers in February.
The pension plan has hired a new domestic large-cap value equity manager to handle $375 million.
The retirement fund’s investment committee recommended a pair of terminations as part of several changes within its U.S. equity portfolio.
The retirement system approved an active international equity manager RFP last week.
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
The retirement system hired a new manager to replace BlackRock last month.
