Small- to Mid-Cap
The retirement plan recently terminated two underperforming domestic equity managers.
The retirement board rehired its incumbent in 2019 following a similar search.
The plan replaced two domestic large-cap managers and consolidated its small-cap portfolio into a small- to mid-cap core allocation.
The retirement board was also expected to hire a new manager in its domestic small- to mid-cap growth equity manager search.
The retirement system hired a new domestic small-to mid-cap core equity manager in the second quarter.
The pension plan terminated two domestic equity managers in the second quarter.
The foundation replaced a domestic small- to mid-cap equity manager after it had underperformed its benchmark since inception and added three private markets commitments in the first half of 2026.
The retirement fund was scheduled to review its international equity portfolio structure last month after terminating a firm in April.
The changes aim to improve portfolio quality for the retirement system’s domestic equity sleeve with several terminations and hires.
The plan was scheduled to consider RFPs for international and domestic small- to mid-cap growth equities this month.