Small-Cap
The plan added domestic small- to mid-cap core and value managers to handle $90 million each.
The fund is looking for emerging managers-of-managers to handle domestic small-cap and large-cap equity portfolios.
The plan hired two firms in the domestic small-cap equity space to replace a previously terminated manager.
The plan will conduct the search to replace an underperforming incumbent.
The plan terminated a domestic small-cap core equity manager and made a private equity commitment with an existing manager this week.
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
Plans add emerging markets equity and international small-cap investments for diversification purposes.
The plan will issue an RFP in the spring for domestic small-cap equity managers.
Most of the firm’s equity will continue to be held by employees.
The system approved replacing its incumbent domestic small-cap value equity manger with a new firm to better align its portfolio with its sustainable investment goals this week.
