Mid-Cap
The retirement system is set to issue RFPs for international equity and emerging markets equity managers next year.
The search is open to core, growth and value managers.
The plan was slated to approve two active domestic mid-cap equity manager terminations at a meeting this week.
The search is required by state statute and the incumbent mid-cap core manager is Davenport Asset Management.
The retirement system made domestic mid-cap growth and value equity manager changes this month.
The plan selected the firm to handle roughly $9 million following finalist presentations at today’s board meeting.
The plan expects to hire a new domestic mid-cap growth equity manager later this month.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The plan is seeking managers to replicate domestic small-cap and mid-cap equity indexes.
The plan’s current mid-cap and small-cap managers are under review.
