Passive Equity
The plan consolidated its passive management to a single firm in August.
The plan is seeking a firm to replicate the MSCI EAFE Index.
The plan is seeking index managers to handle a total of $45 million.
The fund opted to replace its mid-cap growth investment due to underperformance.
The fund anticipates awarding five contracts in the search.
The plan added an international large-cap value equity index manager last month.
The plan’s incumbent managers were first hired in 2018.
The deferred compensation plan hired a passive domestic large-cap growth equity manager to replace an active mandate last month.
The retirement fund’s investment committee will interview three finalists in a $737 million search next week.
The searches include a maiden domestic small- to mid-cap equity mandate.