Passive Equity
The plan will put its $8.9 billion index funds and real estate consultant services out to bid.
Plan approved a new international equity portfolio that will result in new managers.
Plan will retain its existing investment consultants as the result of a search launched last quarter.
Plan has issued a passive index manager RFP due to state procurement regulations.
The plan will be seeking a provider to manage five index mandates.
The plan hired three firms in its international equity search.
The plan concluded a consultant search initiated last year and gave $1 billion to a manager.
Plan hired two passive investment managers in a search completed last week.
The plan liquidated two of its active domestic large-cap growth equity mandates in an effort to consolidate the portfolio.
Plan has begun a search for passive investment management providers.
