Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Pension trustees terminate Artisan Partners, approve Northern Trust passive mid‑cap growth account
City of Clearwater (Downtown Development Board; Pension Trustees; City Council Work Session) · November 4, 2025
AI-Generated Content: All content on this page was generated by AI to highlight key points from the meeting. For complete details and context, we recommend watching the full video. so we can fix them.
Summary
Trustees voted unanimously to remove Artisan Partners as the active domestic mid‑cap growth manager and approved a separately managed passive mid‑cap growth index account with Northern Trust, citing multi‑year underperformance and a significant fee reduction (from ~80 bps to 4 bps).
Jay Rabins, finance director, told the Clearwater Pension Trustees on Nov. 3 that the investment committee recommended terminating Artisan Partners, the plan’s domestic mid‑cap growth active manager hired in 2001, because of persistent…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
30-day money-back on paid plans
