Small-Cap
The terminations include three underperforming managers.
The manager had been placed on watch for performance reasons in the fourth quarter.
The retirement fund will reissue a general investment consultant RFP after selecting a new firm for the role last month.
The deferred compensation plan is seeking a domestic large-cap value equity manager to replace its incumbent, which has underperformed.
The pension plan also made a private equity commitment in November.
The retirement system swapped out its domestic small-cap value manager in February.
The plan replaced its domestic small-cap value equity manager in the fourth quarter due to underperformance.
The retirement fund replaced its small-cap value and small- to mid-cap growth mandates with a pair of core managers last month.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.
The plan moved more than $70 million into passive strategies at its February meeting.
