Small- to Mid-Cap
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.
The plan is seeking small-cap, small- to mid-cap and large-cap managers in a search open to core, growth and value styles.
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.