Large-Cap
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.
The plan will receive recommendations to add managers to its watch list.
The plan also concluded its domestic large-cap value equity manager search.
The foundation added two domestic large-cap equity firms and a global listed infrastructure manager to its portfolio last year.
