Equity

A Midwestern deferred compensation program terminated its domestic large-cap value equity manager at yesterday’s board meeting.

The firm was placed on watch after the plan received notice of an investment team change.

The team will oversee $500 million in global equity strategies.

The plan is seeking active emerging markets equity and fixed-income managers.

A fund based in the South will receive educations on two potential new asset classes at its next board meeting in the second quarter from its general investment consultant.

The plan recently hired a domestic small- to mid-cap growth equity manager and terminated a domestic large-cap firm.