Large-Cap
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.
The searches result from a new domestic equity structure.
The plan also removed a manager from the watch list.
The plan also held finalist interviews with three large-cap value equity managers last month.
The plan approved the search last month to comply with state procurement requirements.
The firm was terminated from an approximately $102 million domestic core-plus fixed-income mandate last month.
The plan is also slated to kickstart an asset/liability study and will see the results early next year.
The plan’s U.S. large-cap equity portfolio is now held in one passive mandate.
Former Verus President Shelly Heier will lead the firm’s head of global institutional client service.
The plan replaced its international growth equity manager in June.