Large-Cap
The plan is searching for a replacement for an underperforming incumbent.
Marty LaPrade was the lead portfolio manager on the firm’s U.S. large-cap growth equity strategy.
The pension system is scheduled to hear a proposed U.S. equity structure this week that would concentrate assets with a “fewer number of higher conviction strategies currently in the portfolio.”
The retirement fund also terminated a Russell 1000 Growth Index fund manager today.
The deferred compensation plan replaced its domestic large-cap value equity manager last quarter.
The plans are reviewing recommendations to replace three existing managers.
The manager had been on watch since 2024 due to underperformance.
The retirement system terminated its active domestic large-cap growth equity manager last month due to underperformance.
The board hired domestic and international all-cap equity managers last quarter.
The retirement system hired two international equity managers to replace an incumbent that had been on watch since October.