Domestic Equity
A Southern pension plan consolidated its passive domestic equity portfolio at today’s board meeting.
A 529 plan based in the Midwest has added a socially responsible domestic all-cap equity fund as an investment option.
Regnan, a responsible investment management business affiliated with J O Hambro Capital Management, has hired two fund managers to handle a sustainability global equity strategy.
Teton Advisors expanded its investment platform with the addition of a three-person small-cap equity portfolio management team and the assignment of longstanding account relationships, the firm announced.
The fund approved the addition of an active fixed-income manager to its lineup at a meeting yesterday.
The plan approved the hire of a domestic mid-cap growth equity manager at a meeting last week.
The plan recently hired a domestic small- to mid-cap growth equity manager and terminated a domestic large-cap firm.
The firm had suffered from asset decline and underperformance.
Plan replaced its domestic small-cap value equity manager from a group of three candidates this week.
The plan opted to temporarily move to an index fund while a domestic equity structure study is conducted after the firm’s existing manager recently announced significant organizational changes.