Large-Cap
The new manager replaces an underperforming incumbent that was also terminated due to organizational concerns.
The plan will review a recommendation to hire a new domestic large-cap value equity manager this week.
The plan hired two multi-asset credit managers at a board meeting today.
The plan will seek one firm to handle domestic large-cap and small-cap and international equity mandates.
The deferred compensation plan hired a passive domestic large-cap growth equity manager to replace an active mandate last month.
The foundation added an international large-cap equity allocation after revising its asset allocation last year.
The fund narrowed a search for emerging markets large-cap ex-China equity managers to two finalists at the end of the second quarter.
The pension plan replaced its domestic large-cap growth equity manager in the second quarter due to underperformance.
The retirement system’s outsourced cio recently terminated a global large-cap core equity manager due to underperformance.
The retirement system was scheduled to consider domestic large-value equity alternatives to incumbent GAMCO Investors due to concerns over succession planning.