Small-Cap
The plan will interview two U.S. small-cap value equity managers this week and also recently added an international equity manager.
The fund added the domestic small-cap equity manager to its watchlist this summer due to underperformance and will review the firm next year.
The plan hired two managers to fill its maiden domestic small-cap equity target and committed to a new timber manager in August.
The plan also disclosed private equity, real estate and strategic investments from the third quarter.
The plan will begin with a mid-cap growth equity manager search in January.
The plan will also interview three diverse-focused private equity managers next month.
The search follows a recent portfolio manager departure from its incumbent manager.
He has co-managed the firm’s small-cap value fund since 2019.
The plan terminated an underperforming international equity manager and made a venture capital commitment last month.
The plan is seeking international developed markets large-cap value managers due to the upcoming contract expirations of its incumbents.
