Small-Cap
The retirement system’s general investment consultant will return to next month’s board meeting with an international small-cap equity search.
The plan is seeking global and international small-cap and small- to mid-cap equity managers after approving the RFP last week.
The board was notified of two recent equity manager terminations and a new private equity commitment.
The pension plan hired a new domestic small-cap growth equity manager to replace its incumbent due to underperformance.
The plan expects to hold finalist interviews in September as part of an ongoing manager search and approved changes to its equity manager target allocations yesterday.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plans placed Wellington Management Company on watch this week due to the upcoming retirement of a partner and equity research analyst.
Pension plan expects to review approving a search for international small-cap equity managers next month.
The manager will fill maiden targets of 5% to international small-cap equity for each plan.
The deferred compensation plan hired two domestic equity managers to replace existing mandates with the same firm yesterday.
