Large-Cap
The pension plan will conduct a search for one or more core/core-plus real estate managers as part of a newly approved real assets fiscal year 2026 investment plan.
The retirement plan will seek board approval to add two domestic equity managers on watch next week.
The program will also invite its domestic mid-cap growth equity manager to present at a future board meeting with the intent of placing the firm on watch due to underperformance.
A college savings plan based in a Southern state has added two utilities strategies as underlying funds within some of its investment options.
The retirement system launched the searches last quarter due to contract expirations.
The search is being conducted to potentially replace un underperforming incumbent.
The plan previously had the portfolio in a Standard & Poor’s 500 Index fund.
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.