Large-Cap
The manager hire was recommended as part of a public equity structure analysis.
The trust funded the hires through the termination of two existing large-cap equity managers.
The plan replaced two domestic large-cap managers and consolidated its small-cap portfolio into a small- to mid-cap core allocation.
The pension fund swapped out an active large-cap value equity mandate for a passive one in the second quarter.
The deferred compensation plan terminated an underperforming domestic large-cap value equity manager in the second quarter.
The retirement system replaced three underperforming domestic equity managers in the fourth quarter.
The retirement fund is conducting the search due to underperformance from its incumbent domestic large-cap value equity manager.
The trust may have transitioned its two active international equity investments to a passive non-U.S. core index fund.
The pension plan terminated two domestic equity managers in the second quarter.
The board also disclosed a private equity commitment at today’s investment committee meeting.
