SUBJECT/RECOMMENDATION:
Title
Approve the termination of small-cap value equity money manager Atlanta Capital Management and authorize the appropriate officials to execute same.
Body
SUMMARY:
Atlanta Capital Management was hired as a small-cap value equity money manager for the plan in September 2003. As of August 31, 2026, the market value of the plan’s investment in Atlanta Capital’s small-cap value product totaled $25.1 million, or 1.67% of the Plan’s total investment portfolio.
Atlanta Capital’s performance has declined significantly in recent years, as detailed below. The Pension Investment Committee unanimously recommended termination at their May 22, 2026 quarterly committee meeting.
As of June 30, 2026, the fund’s performance over the past five years has been as follows:
Benchmark
Performance Index
Last 1 year (1.82)% 40.78%
Last 3 years 3.27% 18.60%
Last 5 years 3.37% 6.98%
STRATEGIC PRIORITY:
Attract and retain top-quality personnel through the maintenance of a competitive compensation and benefits program.
