Small-Cap
The retirement system replaced three underperforming domestic equity managers in the fourth quarter.
The retirement system has issued three domestic equity manager RFPs.
The plan’s investment committee previously narrowed a search to two recommended hires following finalist interviews held earlier this month.
The plan placed one manager on formal watch and terminated another.
The retirement system will split a mandate between two firms following finalist interviews held this week.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The plan interviewed three finalists in closed session at yesterday’s board meeting.
The plan also recently concluded its non-U.S. equity manager searches.
The deferred compensation plan replaced its underperforming domestic small-cap growth equity manager in the first quarter.
The termination stems from personnel turnover at the firm.