The plan hired a global tactical asset allocation manager at its May meeting.
The plan approved consolidating management of its $51 million global tactical asset allocation portfolio yesterday.
The plan voted to reduce the managers handling its global tactical asset allocation portfolio from three to two at a meeting yesterday.
A recent survey finds that endowments and foundations expect to continue increasing their allocations to alternative investments.
The hire is a result of a new asset allocation adopted last month.
Plan intends to approve an RFP for a index fund provider next month and terminated a global tactical asset allocation mandate at today’s meeting.
A Midwestern pension plan terminated a global tactical asset allocation manager last month after placing the firm on watch last year.
A Northeastern pension plan terminated both a domestic large-cap and international small-cap equity manager last quarter.
A pair of Southwestern pension plans funded global tactical asset allocation investments at the start of the quarter.
A Windy City pension plan funded a new domestic small-cap core equity investment last quarter.