Equity

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.

The plan terminated its global manager due to asset declines and underperformance.

An institution in the Mid-Atlantic region approved a new target asset allocation for its investment portfolio and added three new managers at its meeting last month.