A 529 plan based in the West hired a new manager to handle its fixed-income assets in the fourth quarter.
The plan will issue an RFP due to the expiring contract of its incumbent consultant.
Plan combined a pair of fixed-income allocations into a single core-plus mandate with a new manager.
Plan’s investment committee agreed to eliminate its active long-only commodities mandate with CoreCommodity Management this week.
Two managers will be promoted as replacements.
A Southwestern city deferred compensation plan is seeking a stable value fund manager.
The plan’s incumbent real estate consultant did not respond to an RFP issued due to its contract expiration.
The plan will terminate its commodity manager and exit the asset class entirely due to low return expectations.
Nonprofit investors are expecting positive but muted returns from the equity and bond markets in 2021 after their portfolios generated solid performance in a year that upended global financial markets and saw unprecedented volatility.
A plan based in the Midwest has adjusted its investment manager lineup.