Passive Equity
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.
The retirement system also concluded its private equity and index manager searches.
The plan will move at least a portion of its roughly $57.4 million domestic small-cap core equity mandate to a passive option while it considers the role of the asset class as part of a broader public equity review.
The search is part of an asset allocation implementation plan.
The plan also funded a new internally managed enhanced index fund.
The retirement plan hired several managers to move toward its new asset allocation policy.
The plan hired an index manager to replace its active large-cap growth equity manager.
The retirement system is seeking a Standard & Poor’s 400 Index manager.