A Midwestern state plan will consider eliminating its global equity allocation at a future meeting.
The plan terminated a domestic small-cap core equity manager and made a private equity commitment with an existing manager this week.
The plan approved an emerging markets equity manager search and new real estate pacing plan yesterday.
The plan hired a long/short equity manager as part of a new asset class structure.
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.