U.S. pension plans are being called on to review the Russian exposure within their investment portfolios as federal mandates sanctioning Russian financial institutions continue to expand.
The plans expect to issue a third-party administrator RFP in the second quarter and recently decided to replace emerging markets core equity manager Lazard Asset Management.
A university in New England swapped global equity managers and transitioned a domestic equity investment to a new strategy within its endowment in the fourth quarter.