Domestic Equity
The pension fund added an active manager to complement index fund manager RhumbLine Advisers.
A Southeastern pension plan approved moving 50% of its domestic small- to mid-cap equity portfolio to passive management at a meeting today.
A 529 plan based in the West will consider approving an RFP for a program manager and placing three investment strategies on watch at its board meeting today.
The plan is searching for small-cap firms for a domestic equity portfolio that is entirely with large-cap managers.
A New England pension plan approved the hire of a new domestic large-cap value equity manager today after terminating its incumbent.
A Southwestern pension plan placed a domestic mid-cap value “next generation” manager on watch at today’s board meeting.
A Mid-Atlantic pension plan added a Standard & Poor’s 600 Index fund investment at last week’s board meeting.
Plan’s RFP follows approval last month due to performance concerns related to the incumbent.
The plans’ consultant said more discussions may be necessary if the firm’s strategies don’t outperform in a market favoring value during a meeting today.
The new manager will take over an approximately $10 million portfolio.
