Equity
A Midwestern pension plan concluded its private credit search at today’s board meeting.
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
The plan will issue an RFP in the spring for domestic small-cap equity managers.
The plan will issue RFPs early next year for emerging markets equity and index managers.
The plan will hire five emerging managers-of-managers to oversee $1 billion.
The plan has one incumbent manager that has underperformed relative to its benchmark.
The system approved replacing its incumbent domestic small-cap value equity manger with a new firm to better align its portfolio with its sustainable investment goals this week.
The plan is watching a manager after two co-PMs departed and hired a new international growth equity manager.
The plan hired one traditional emerging markets manager and four private markets managers.
The plan hired has now hired two international equity managers in as many months.
