Small- to Mid-Cap
The plan’s investment committee and general investment consultant recommended a manager change following a search presentation earlier in the year.
The retirement fund terminated two equity managers and disclosed commitments totaling $1.7 billion in August.
The retirement system is seeking a replacement for a recently terminated domestic equity manager.
The retirement system also hired new domestic small- to mid-cap equity managers in June.
The retirement system has issued its RFP seeking a U.S. small- to mid-cap equity manager to handle approximately $60 million.
The retirement system will issue an RFP next week for a U.S. small- to mid-cap equity manager for a $60 million mandate.
The retirement system reviewed three potential replacement options for an incumbent manager last quarter.
The new domestic small- to mid-cap core equity allocation will complement the retirement system’s existing small-cap manager.
The searches include a maiden domestic small- to mid-cap equity mandate.
The plan added the firm to complement its existing domestic small- to mid-cap core equity manager.