A Florida pension plan has approved a new public market portfolio structure that will see the elimination of five existing active managers as part of changes aimed at reducing duplication and increasing liquidity and reduce fees.
A Northwestern pension plan is considering options for its active domestic large-cap value equity mandate and large-cap allocation at large following discussion yesterday.
A Florida pension fund may search for domestic large-cap growth and value equity and international growth equity managers if the performance of its incumbents does not improve in the second quarter.