A Rocky Mountain pension plan liquidated a hedge fund-of-funds investment and moved the assets to existing global equity managers at a board meeting last week.
The recommendation will come from its general investment consultant later this month.
The plan is targeting up to 15 emerging markets managers and up to 10 international small-cap managers.
The plan begins a new search and wraps up an existing one.
A Midwestern plan made several changes to its equity and fixed-income portfolios as part of its transition to a new long-term asset allocation policy.
A community foundation in New England added global public equity and hedge fund investments to its portfolio last year.
A Rocky Mountain pension plan terminated its domestic small- to mid-cap core equity manager due to underperformance and personnel turnover.
The plan eliminated a nearly $300 million frontier markets equity portfolio and made commitments of more than $2.1 billion in the fourth quarter.
A Midwestern pension plan is expected to hire an international small-cap equity manager following a structure review of the asset class.