Hawaii Public Employees’ Retirement System, Honolulu, voted to keep active domestic large-cap growth equity manager Atalanta Sosnoff Capital on watch for performance, confirmed Rod June, chief investment officer of the $11.5 billion system.
Atalanta Sosnoff, which ran $507 million for the system as of June 30, was first put on watch in November for failing to meet its benchmark, the Russell 1000 Growth index, Mr. June wrote in an e-mail. The firm will remain on watch for at least six months, Mr. June said.
An Atalanta Sosnoff spokesman could not be reached for comment.
Separately, the system is expected to choose up to three consultants by its Nov. 14 board meeting, system administrator Wesley Machida said in a telephone interview.
The system is searching for a general consultant, a real estate consultant and a private equity consultant. The searches are conducted about every five years to see what is available in the market, Mr. Machida said.