Small-Cap
The pension plan will consider potentially replacing its international small-cap core equity manager due to underperformance.
The deferred compensation plan recently made several changes to both its equity and fixed-income portfolios.
The plan will also issue RFPs for global fixed-income and domestic small-cap core equity managers.
The plan is tentatively scheduled to search for active management in emerging market debt and emerging markets equity next year.
The RFPs were approved at last month’s board meeting.
The RFPs will seek managers to handle 10 different strategies.
The termination was due to underperformance.
The $20 million commitment results from an ongoing search in the space.
The plan hired the firm for an $8 million mandate at its October board meeting.
The search is to potentially replace a current underperforming manager.
