Domestic Equity
A 529 plan in a Northern State has added a large-cap core equity strategy and an emerging markets equity strategy to its lineup of underlying fund options.
The plan’s incumbent real estate consultant did not respond to an RFP issued due to its contract expiration.
The plan will interview three domestic mid-cap growth equity manager finalists at its February investment committee meeting.
The plan is open to core, growth and value strategies and will consider micro-cap managers.
A Southern pension plan will consider a recommendation to consolidate portions of its passive domestic equity portfolio at its board meeting in March.
Nonprofit investors are expecting positive but muted returns from the equity and bond markets in 2021 after their portfolios generated solid performance in a year that upended global financial markets and saw unprecedented volatility.
The new manager will take over an approximately $86 million large-cap value strategy for the plan.
A Midwestern pension plan hired a new domestic large-cap growth equity manager last month.
The plan will issue RFPs for domestic equity, international equity and global infrastructure managers in the second quarter.
A university in New England approved adding new global equity and hedge fund managers to its endowment at its investment subcommittee meeting last month.
