Domestic Equity
A foundation based in New England established a new Environmental, Social and Governance (ESG) portfolio earlier this year.
A university system in the South approved terminating a domestic equity manager and adding domestic and global equity investments and private equity commitments at its investment committee meeting this week.
A pension fund in New England begun a domestic small- to mid-cap core equity search due to state procurement rules.
A Midwestern pension fund will hear domestic small- to mid-cap value equity finalist presentations as part of an ongoing search process.
A Southern state plan is reducing its exposures to real estate and emerging markets equity to reduce volatility, while increasing the exposures to developed international and U.S. equity to add capital stability.
The pension fund’s consultant called the incumbent manager a “significant detractor” and recommended bringing them in for a discussion at a future meeting.
A Midwestern pension plan will review the potential inclusion of infrastructure and global low volatility equity into its portfolio before the end of the year.
The plan eliminated its risk parity allocation and boosted its multi-sector bond portfolio to allow for both traditional and opportunistic investments.
A Mississippi plan made a value-add real estate commitment with an existing manager at its board meeting today.
Move to a single passive equity manager would save more than $13,000 a year in fees.
