The plan opted to hire one firm to manage a domestic small-cap allocation and another for international small-cap.
Plan funded a new international equity manager and added alternatives commitments in October.
The manager will look to identify emerging hedge fund firms.
The search is open to funds that invest in diverse-owned firms.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
A New England pension plan tapped a replacement for a recently terminated absolute return manager at a meeting today.
A foundation in the West added a diverse manager policy to its formal investment policy statement this summer as it is looking to increase the percentage of diverse managers to 10% of the portfolio over the next two years.
A Midwestern plan will recommend a hire in its search for international developed markets equity emerging managers next month.
The new hire will continue the firm’s commitment to diverse managers and sustainable and impact investing.
A Chicago-based foundation has launched a diverse investment manager initiative.