Small-Cap
The plan approved an asset allocation in March that introduced new targets to international small-cap equity and infrastructure.
Publicly-traded large-cap companies continue to garner the attention of media and investors, but allocator interest is beginning to look down market to the small-cap sector.
The pension plan hired five non-U.S. equity managers and approved a new private equity portfolio structure last week.
The plan is seeking firms to manage a total of $100 million.
The search for a manager to handle $30 million was approved at a board meeting last week.
The retirement system hired a firm to replace its underperforming incumbent earlier this week.
The plan will issue the RFP due to the contract expiration of the incumbent.
The plan made several changes to its manager watch list at a recent meeting.
The investment manager has named a new lead portfolio manager for its small and small- to mid-cap equity team.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.