Juan De La Cruz Farmworkers Pension Plan, Keene, Calif., will begin shortlist searches by the end of the year for its first real estate and active domestic large-cap growth equity managers, said Douglas L. Blaylock, administrator.
The $90 million plan also will search for new managers for its current fixed-income, international equity and active domestic small-cap and midcap growth equity portfolios, Mr. Blaylock said. All incumbent managers can rebid; selections are expected within six months, he said.
In the meantime, the plan changed its asset allocation from 55% equity and 45% fixed income to a 60/40 split, he said; he could not provide further details.
STW is the plan's active domestic fixed-income manager, Mr. Blaylock said. Its active domestic equity managers are: Institutional Capital, large-cap value; Dawson-Giammalva, midcap growth; and Stafford Capital, small-cap growth. Brandes runs the plan's international equity allocation in its Nations International Value mutual fund. Current portfolio sizes were not available.
Wurts & Associates is assisting.