International / Global / Emerging Markets
The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
The plan will look for a replacement global growth equity manager after terminating its incumbent this week.
The plan fully redeemed a market-neutral investment and will consider an international small-cap value equity manager hire.
The plan approved the search at a board meeting last month.
The plan removed an exchange traded fund and international equity fund from its advisor plan late last month after being notified of upcoming changes to the investment manager’s strategies.
A university based in New England approved new allocation targets for two of its portfolios.
The plan approved criteria for its short-duration fixed-income manager search and made an opportunistic real estate commitment for pacing purposes last week.
The plan eliminated a 5% target to emerging market debt and redistributed it amongst existing asset classes.
The plan’s incumbent manager was recently placed on watch for underperformance.
The plan conducted a similar search in 2021 that did result in any hires.