Domestic Equity

Plan introduced private credit and private infrastructure target allocations and hired a domestic mid-cap value equity manager to replace its existing mandate with Wellington Management Company this week.

Plan received only one response to an RFP issued last month.

The new firm replaces Thompson, Siegel & Walmsley, which had been monitored for performance reasons since 2019.

Plan added a $50 million U.S. small-cap growth equity mandate with an existing manager relationship this month.

The university is looking to add actively managed domestic and emerging markets equity strategies in order to diversify and enhance its portfolio’s returns.

A state trust updated the target asset allocation for one of its portfolios, increasing its targets toward domestic and international equities.