A plan based in Chicago has hired an investment manager to handle a passive equity strategy.
The plan opted to hire one firm to manage a domestic small-cap allocation and another for international small-cap.
The Southeastern pension plan will review a list of potential domestic mid-cap growth equity managers next year.
Plan added five value-biased managers to its watchlist for performance reasons and removed an international equity firm based on improved performance.
Plan will conduct a search for small-cap managers in 2021 to provide a more comprehensive allocation to the space within its global equity portfolio.
The plan concluded its domestic small- to mid-cap equity manager search after receiving a search report today.
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.