International / Global / Emerging Markets
A Southern pension plan consolidated its passive domestic equity portfolio at today’s board meeting.
The plan narrowed the search to the top two scoring firms.
Plan shifted its emerging markets equity allocation to an active manager at the end of 2020.
The plan will also soon issue RFPs for international equity and fixed-income managers.
The new hires will provide specialist investment solutions across asset classes and geographies to international institutional investors.
The plan added two managers to its equity portfolio after increasing the target last year.
The plan disclosed the hire of a new emerging market debt manager at today’s board meeting.
The plan will seek a third manager to complement its two incumbent emerging markets equity managers.
The new hire joins another Newton manager who begins next month.
A plan in the South will conduct a search to replace a domestic small-cap value equity manager and may receive replacement options as soon as its next meeting in May.
