A foundation in the Northeast swapped emerging markets equity managers this year as it decided it was an opportune time to make the change.
Program hired a new manager to handle the international equity portfolio for its prepaid college program in the third quarter.
The plan will conduct a detailed review of its emerging markets equity portfolio that will include small-cap candidates next month.
A Southern state plan will conduct a manager search as part of a newly approved global equity structure.
The plan is searching for a firm to handle more than $1.6 billion due to the contract expiration of its incumbent manager.
The plan issued two RFPs for managers to comply with procurement laws.
The plan is watching four firms due to underperformance and hired a new emerging markets equity manager.
The plan terminated an international large-cap equity manager as part of several changes to its overseas equity portfolio approved last month.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
The plan will implement its recently approved asset allocation policy in three phases.