Large-Cap
The retirement system transitioned its passive domestic equity mandates with BlackRock to active management in the third quarter.
The retirement system will hear from three international value equity managers at next month’s board meeting.
The search is being conducted to replace the plan’s incumbent global growth equity manager, which has been on watch due to underperformance.
The plan placed a domestic large-cap growth equity manager on watch at its Dec. 6 board meeting.
The board replaced its international large-cap value equity manager in October due to underperformance.
Active large-cap value and Wilshire 5000 index mandates were shifted into a Russell 1000 Index fund earlier this quarter.
The pension fund concluded a general investment consultant search by selecting its incumbent this week.
The foundation switched to a large-cap core equity strategy with its existing manager from the firm’s dividend growth oriented strategy in an effort to create a more stable and diversified portfolio.
The plan is set to conduct searches for domestic large-cap growth equity, mid-cap value equity, private markets and co-investment managers due to expiring contracts.
The plan appears to have terminated its active domestic large-cap equity manager in the second quarter.