Mid-Cap
The search follows several personnel changes at its incumbent mid-cap growth manager, which has prompted concern from another pension fund.
The plan has asked its consultant to come back with U.S. mid-cap growth and value manager options.
The retirement fund hires a new short-term fixed-income manager in September.
The retirement system will consider replacing its active domestic mid-cap growth equity manager.
The manager had been on watch since last December due to underperformance.
The plan will invest 2.5% each into value and growth strategies.
The fund opted to replace its mid-cap growth investment due to underperformance.
The fund anticipates awarding five contracts in the search.
The program will also invite its domestic mid-cap growth equity manager to present at a future board meeting with the intent of placing the firm on watch due to underperformance.
The deferred compensation plan also received proposals from Fiduciary Consulting Group, NFP Retirement, SageView Advisory Group and USI Consulting Group.