Mid-Cap
The plan terminated a domestic mid-cap core equity manager due to organizational and performance issues.
The plan also terminated a high-yield fixed-income manager in the first quarter.
The retirement system agreed to part ways with an active manager that had been on watch due to lagging performance.
The plan terminated its incumbent mid-cap core manager last month.
The plan also added a new 6% target to private credit.
The plan launched a search earlier this year to replace an active domestic mid-cap core equity manager.
The pension fund also trimmed an underperforming manager’s mandate by 30%.
The retirement fund replaced its small-cap value and small- to mid-cap growth mandates with a pair of core managers last month.
The pension fund will become the initial investor in a new domestic mid-cap value equity strategy.
The retirement system terminated an equity manager that handled two mandates yesterday.
