Equity
The search is for active and passive international equity managers.
The plan terminated the firm after placing it on watch for underperformance last year.
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.
They will lead the London-based firm’s active equities division.
A foundation in the Midwest hired a director of investments last week to focus on public equities.
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.
A Virginia-based pension plan approved new long-term asset allocation targets as well as an emerging markets growth equity investment today.
The plan is searching for domestic small-cap value equity managers as its incumbent underperforms.