Mid-Cap
The plan will conduct an active domestic mid-cap value equity manager search as part of the second phase of its equity structure review.
The plan moved three of its index funds with Vanguard Group to index funds with Fidelity Investments.
The plan was slated to discuss potentially replacing an existing manager as part of a review at today’s board meeting.
The Northeastern-based consulting firm is searching for core, value and growth mangers to handle at least $200 million.
The plans opted to move their mid-cap core portfolios to index funds for the foreseeable future.
The plan will consider replacing its international small-cap equity mandate with MFS Investment Management in May.
The plan hired a domestic small- to mid-cap core equity manager from a search that began in September.
The plan will search for an active domestic mid-cap equity to handle approximately $10 million.
Plan terminated a domestic small- to mid-cap equity firm and redistributed assets to its existing managers.
The plan is swapping domestic small- to mid-cap value equity managers this month and will have further discussions on direct lending at its February board meeting.
