Equity
The pension plan’s outsourced cio liquidated 17 investment strategies and transitioned the assets to five CITs in the second quarter.
The plan also terminated eight managers as part of a public equity implementation.
The plan disclosed first quarter changes to its non-U.S. equity portfolio at a recent meeting.
The plan hired a passive international equity manager to replace an active mandate in May.
A foundation based in the Midwest allocated to an emerging markets equity strategy with a focus on sustainability last year.
The plan also disclosed two new commitments.
A foundation based in the Midwest has hired a new managing investment director from the investment team at a nearby organization.
The plan also retained two emerging market fixed-income managers.
The pension plan hired a new domestic small- to mid-cap value equity manager and made commitments totaling $980.4 million in June.
The searches come as the plan looks to increase the amount of active management in its global equity and U.S. small- to mid-cap equity portfolios.