A Midwestern state plan hired a new international equity manager following a shortlist search.
The plan selected a new firm due to the founder’s advantageous background.
The plan committed to an existing value-add real estate manager.
A trust fund in the South approved a new target asset allocation that increased its exposure to growth assets including equity and real estate at its June board meeting.
The plan added an allocation to global equity through the liquidation of another portfolio.
The plan will be seeking a provider to manage five index mandates.
The plan hired three firms in its international equity search.
Hires stem from a newly adopted asset allocation.
The plan has narrowed its emerging markets equity search to four firms and private equity search to five funds.
The search is to replace a manager terminated at last month’s board meeting.