Equity
A Northwestern 457 deferred compensation plan terminated three investment managers to simplify its investment menu.
The plan approved a hire in its ESG manager search in May.
The plan agreed to advance RFPs for an illiquid credit emerging manager program and passive fixed-income manager.
A fund based in the Great Plains region approved replacing two emerging markets equity managers and an international small-cap equity manager at its August board meeting.
The plan will seek active mid-cap equity managers to handle up to $2 billion.
A Midwestern state plan hired a new international equity manager following a shortlist search.
The plan selected a new firm due to the founder’s advantageous background.
The plan committed to an existing value-add real estate manager.
A trust fund in the South approved a new target asset allocation that increased its exposure to growth assets including equity and real estate at its June board meeting.
The plan added an allocation to global equity through the liquidation of another portfolio.