Small- to Mid-Cap
The plan hired domestic small- to mid-cap growth and value equity managers at a meeting today.
The search is in conjunction with a recommendation to place a domestic small- to mid-cap equity manager on watch.
The plan is considering replacing an underperforming domestic equity manager and is also asking for a list of potential private equity options.
The retirement system is seeking a firm to handle between $10 million and $15 million.
The retirement system hired a firm this week after interviewing three finalists.
The retirement system recently replaced its domestic small- to mid-cap value equity manager.
The plan also terminated a domestic small-cap growth equity manager.
The retirement system terminated its active domestic large-cap growth equity manager last month due to underperformance.
The decision followed finalist interviews with two firms at last month’s board meeting.
The firm has underperformed its benchmark for the quarter as well as the one- and three-year time periods.