Small-Cap
The plan is considering replacing an underperforming domestic equity manager and is also asking for a list of potential private equity options.
The retirement fund also approved an infrastructure pacing plan earlier this month.
The pension system is scheduled to hear a proposed U.S. equity structure this week that would concentrate assets with a “fewer number of higher conviction strategies currently in the portfolio.”
The plan’s current domestic equity portfolio includes small- to mid-cap growth and small-cap value mandates.
The retirement fund also hired a new domestic small-cap value equity manager this week.
The retirement system will conduct the search due to the expiring contract of its incumbent.
The pension plan appears to have replaced its domestic small-cap value equity manager in the fourth quarter.
The plan approved a recommendation from plan staff after tabling a decision from last month.
The search is now open to core and value managers.
The deferred compensation plan recently replaced a domestic small-cap value equity manager that had been on watch since 2024.