Small- to Mid-Cap
The plan hired a new domestic small- to mid-cap core equity manager yesterday.
The firm is being monitored due to performance and recent personnel turnover.
The plan concluded its domestic small- to mid-cap equity manager search and made private markets commitments last week.
The plan moved a portion of its mid-cap value assets to the new small- to mid-cap value manager.
Contracts of the plan’s incumbent managers are expiring.
The plan is seeking domestic mid-cap value equity managers to handle a $25 million mandate and diverse-owned private equity managers for an up to $3 million commitment.
The plan is expected to potentially approve an RFP for domestic small- to mid-cap value equity managers next week.
The terminated manager has been on and off the plan’s watch list since 2018 for personnel turnover.
The plan made a decision in its domestic small- to mid-cap growth equity search at today’s board meeting.
