Plan placed its domestic mid-cap growth equity manager on watch due to an impending portfolio manager retirement.
The plan hired a new domestic small- to mid-cap growth equity manager and will make potential changes to its long/short portfolio.
The plan made a decision in its domestic small- to mid-cap growth equity search at today’s board meeting.
Plan intends to complete domestic mid-cap value and growth equity searches by the first quarter.
The board hired a new domestic mid-cap growth equity manager following finalist interviews held last week.
Termination shifts large-cap growth assets to a passive allocation in anticipation of investing in mid-cap equities for the first time.
The plan is looking for potential replacement managers due to asset outflows and personnel turnover at its incumbent.
Fund will invest in a select portfolio of 20 to 40 primarily mid-cap companies.
Plan introduced private credit and private infrastructure target allocations and hired a domestic mid-cap value equity manager to replace its existing mandate with Wellington Management Company this week.
Plan will interview three firms at a future board meeting.
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