Small- to Mid-Cap
The plan has narrowed a search to nine international small-cap managers for interviews with staff and its consultant.
The plan is looking to hire a small- to mid-cap growth equity manager to handle $85 million.
The plan is considering shifting its small- and mid-cap manager relationships as part of a broader discussion about the domestic equity portfolio.
The plan will also interview domestic large-cap growth managers next month, while the city’s Fire plan will interview emerging markets equity firms.
The plan terminated its domestic small- to mid-cap value equity manager at today’s meeting.
The plans are slated to discuss a potential domestic small- to mid-cap value equity manager replacement search at this week’s board meeting.
The plan completed a domestic small- to mid-cap value equity manager search launched in the fourth quarter.
The plan added $15 million in follow-on commitments across two funds in March.
The plan hired a new active domestic small- to mid-cap value equity manager after its incumbent closed shop.
Plan reviewed a search report that proposed three domestic small- to mid-cap value finalists for its $25 million mandate.
