Domestic Equity
The search is being conducted to diversify the program’s investment lineup.
Funding for the new domestic small-cap growth mandate comes from a passive investment with RhumbLine Advisers.
The plan will move the assets with the state investment trust.
The plan rehired its incumbent after finalist interviews.
The foundation is eyeing more impact investments this year as it also reviews its fixed-income allocations.
The healthcare system redeemed domestic large-cap equity and emerging markets equity allocations and reallocated the proceeds with existing equity managers in its portfolio at the recommendation of its general investment consultant in the first quarter.
The foundation is looking to add diverse-owned managers, of which currently has four, to its portfolio along with regionally focused investments.
The plan opted for an emerging markets equity fund with more diversified holdings.
The pension plan hired an all-cap core equity manager to handle two mandates within its international equity portfolio yesterday.
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.