Mid-Cap
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The pension plan will interview three firms at its April board meeting.
The pension plan hired the manager as part of a new domestic equity structure.
The plan’s current managers were first hired in 2016 following a similar RFP process.
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.