Passive Equity
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
The plan will issue RFPs early next year for emerging markets equity and index managers.
The plan will interview two finalists in its index provider search later this month.
Plan will see a firm for passive U.S. and non-U.S. equities, fixed-income and real assets investment management services.
Plan consolidated its manager roster into a smaller group of firms following approval of a new asset allocation recommended by its consultant last month.
Plan terminated active large-cap value and small-cap growth strategies with a single manager this week.
The plan intends to invest $4.8 billion in a passively managed broad-based market index fund.
The plan hired two passive investment managers at a board meeting last week following interviews.
The plan made hires for its large-cap and small- to mid-cap searches.
Plan moved a domestic small- to mid-cap equity mandate to a passive account and added a real estate commitment.
