Equity

Plan selected a domestic small- to mid-cap equity emerging manager this week.

A Midwestern plan approved an investment with an existing passive domestic equity manager and a distressed debt commitment this month.

Plan has launched an international small-cap equity manager search and concluded its U.S. small-cap core equity manager search with a hire at today’s board meeting.

Allocators and managers that have been patiently waiting for a resurgence to their value equity portfolios are finally seeing the payoff as more cyclical areas of the market have rebounded during the rollout of COVID-19 vaccines and continual low interest rates.

The plan concluded an international large-cap growth equity manager search and approved a fiscal year 2022 real estate pacing plan.

The search is to replace a previously terminated manager due to performance reasons.