Domestic Equity
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.
A Midwest pension plan is considering moving its two active domestic large-cap core equity mandates to passive investing.
The new hires bring their thematically driven healthcare equity strategy with them.
The plan opted to hire one core manager to handle a $240 million portfolio, replacing its two existing incumbents, at a board meeting yesterday.
A Northeastern pension plan made a hire in its search to replace domestic small-cap value equity manager Fisher Investments.