Micro-Cap
The plan’s micro-cap manager will now manage small-cap mandates.
Consultant recommended small-cap value manager search as part of a U.S. equity structure review presented last month.
Most of the firm’s equity will continue to be held by employees.
The plan will dole out $660 million in total to small-cap and micro-cap equity managers.
Mid-Atlantic Plan Seeking Active Equity Managers
Institutional investors have long overlooked international micro-cap equity’s ability to drive alpha and its diversification benefits, according to investment managers involved in the space with strategies dating back decades.
Plan will launch its RFPs for both private equity and private debt managers in the coming days.
The plan has begun a search seeking active domestic micro-cap equity managers.
The plan established new allocations to covered calls and domestic micro-cap equity within its overall equity portfolio at a meeting today.
The plan received an initial presentation on potential changes and new strategies within its equity portfolio at a meeting today.
