Small-Cap
The deferred compensation plan recently replaced a domestic small-cap value equity manager that had been on watch since 2024.
The plans are reviewing recommendations to replace three existing managers.
The contract with the new consultant, which was approved in December, stems from an RFP process launched in the third quarter.
The pension plan terminated its incumbent small-cap growth manager following organizational considerations and performance outcomes.
The plan has asked its consultant to come back with U.S. mid-cap growth and value manager options.
The plan also terminated a domestic small-cap growth equity manager.
The retirement system terminated its active domestic large-cap growth equity manager last month due to underperformance.
The system is seeking small-cap strategies as part of a U.S. public equity manager RFQ launched this month.
The termination stems from asset outflows and underperformance.
The retirement system also approved private equity and real estate commitments totaling $60 million yesterday.