Small- to Mid-Cap
The foundation recently approved an equity investment with a diverse manager within its endowment and mission-aligned investment pool after tracking the firm for years through its investment consultant.
The retirement system will interview two growth and two value finalists next month.
The retirement system hired a new manager at its board meeting yesterday after finalist interviews were held in March.
The plan hired a new domestic small-cap equity manager last month, replacing a terminated incumbent manager.
The retirement system swapped out managers for its roughly 3% target to the asset class.
Plan is considering the addition of a domestic small- to mid-cap core equity manager to its portfolio.
The search for each retirement plan is due to state statute requirements.
The plan will also interview a finalist in its domestic large-cap core equity manager search next month.
The searches are open to growth and value equity managers.
The retirement system hired Dimensional Fund Advisors to handle international value and domestic small-cap value equity mandates last quarter.