The plan rehired one incumbent equity manager and moved another manager’s mandate to a passive portfolio.
A Midwestern state plan will consider eliminating its global equity allocation at a future meeting.
The plan approved an emerging markets equity manager search and new real estate pacing plan yesterday.
The hires require board approval next month and conclude an RFP process that began in March.
His co-managers will continue to oversee his two funds.
A university in Canada approved a new benchmark allocation for its endowment in the 2021 fiscal year, significantly increasing its allocation to global equity.
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
The three new strategies provide U.S. investors first-time access to Vontobel’s $25 billion fixed-income boutique.
Plans add emerging markets equity and international small-cap investments for diversification purposes.
The plan will issue RFPs early next year for emerging markets equity and index managers.