Equity
The plan will consider hiring two international equity managers to handle up to $700 million total this week following a search from last year
The firm hired a head of institutional equities within its equity capital markets group to oversee research, sales and trading, corporate access and corporate services.
The plan approved criteria for its short-duration fixed-income manager search and made an opportunistic real estate commitment for pacing purposes last week.
The plan’s incumbent manager was recently placed on watch for underperformance.
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.