A Florida employees retirement system terminated a manager from a nearly $10 million portfolio due to performance issues and also added a new preferred securities investment at its meeting yesterday.
A Florida pension plan terminated its active large-cap growth and value managers at today’s board meeting and will discuss adding private equity to its allocation in November.
A Chicago pension fund will have further discussions on its international small-cap equity portfolio at its September meeting. The plan also placed two managers on watch at its meeting yesterday.
A fire pension fund will discuss potential domestic large-cap growth equity manager replacements for an incumbent manager that has continued to underperform.