Mid-Cap
The plan replaced its domestic mid-cap growth equity manager due to underperformance.
The RFPs were approved at last month’s board meeting.
The plan’s current managers handle aggregate mandates of $25.6 million.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The plans recently replaced a domestic mid-cap growth equity manager due to underperformance and hired a sustainable equity manager.
The plan has current managers in the two asset classes.
The plan selected a new mid-cap growth manager over four other finalists to replace Allspring Global Investments at its August board meeting.
The retirement system is seeking a domestic mid-cap growth equity manager to handle a $12 million mandate.
The plan replaced its domestic mid-cap value equity manager, which had been on watch since January 2022 due to underperformance.
The plan approved the elimination of an active mid-cap equity mandate that had been on watch since last year.
