Equity
The plan terminated an approximately $182 million long-only alpha mandate and made commitments to three existing and one new manager relationship in January.
The firm hired an individual for the newly created role to develop impact equity strategies for clients.
The institution hired two domestic small-cap equity managers and added two venture capital commitments with existing managers at a meeting late last week.
The plan conducted a similar search in 2021 that did result in any hires.
The plan’s incumbent manager is currently on watch for performance reasons.
The plan expects to conclude the search process in the third quarter.
An investment management firm has launched a new ESG-related screen for its funds.
The plan hired an international growth equity manager and committed to two existing private equity managers last month.
Stubborn levels of inflation and other factors like changing dynamics of geopolitics and global trade will make actively managed equities essential to navigating the market environment, according to a new survey.
The fund approved terminating a domestic large-cap growth equity manager due to underperformance and reinvesting the proceeds with an existing passive equity manager relationship late last year.