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.
The search is required due to the upcoming contract expiration of its incumbent.
The plan will issue an RFP for a general investment consultant.
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 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.