Large-Cap

A Chicago annuity plan has terminated an $18 million liquid alternatives mandate.

A Midwestern pension plan terminated its active large-cap equity managers to fund mandates with three new global equity managers hired following an RFP search.

Plan’s RFP follows approval last month due to performance concerns related to the incumbent.

The plans’ consultant said more discussions may be necessary if the firm’s strategies don’t outperform in a market favoring value during a meeting today.

A Midwest pension plan approved moving its two active domestic large-cap core equity managers to a passive mandate.

The police and fire pension fund is conducting the search “to see what else is out there” due to underperformance by its current manager.