Passive Equity
The fund approved terminating a domestic large-cap growth equity manager due to underperformance and reinvesting the proceeds with an existing passive equity manager relationship late last year.
The search is for global ex-U.S. and passive equity managers.
The plan expects to issue the RFP later this month and make a selection in the third quarter.
The plan will receive a recommendation to approve a new manager structure for the asset class that will result in eliminations and subsequent searches.
The plan has begun a search seeking passive investment management services.
The city’s deferred compensation and defined contribution plans replaced a domestic small-cap value equity manager today and its defined benefit plan will schedule finalist presentations in its large-cap growth search for next month.
The plan hired an index manager to oversee a Russell 1000 Growth Index allocation and named another passive provider to its bench.
The plan moved an emerging markets equity mandate to a passive account while it determines its long-term direction for the assets, which could ultimately remain passive.
The university system has added a fossil fuel-free passive index strategy to align with its recent mandate to divest its portfolios of direct and indirect investments in fossil fuels.
The plan hopes to receive additional response to a new RFP.
