Mid-Cap
Nonprofit investors are expecting positive but muted returns from the equity and bond markets in 2021 after their portfolios generated solid performance in a year that upended global financial markets and saw unprecedented volatility.
Plan approved a new domestic small- to mid-cap value equity manager hire at Friday’s meeting.
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.
The Southeastern pension plan will review a list of potential domestic mid-cap growth equity managers next year.
The plan concluded its domestic small- to mid-cap equity manager search after receiving a search report today.
A Southeastern pension plan approved moving 50% of its domestic small- to mid-cap equity portfolio to passive management at a meeting today.
A Southwestern pension plan placed a domestic mid-cap value “next generation” manager on watch at today’s board meeting.
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 Southeastern retirement plan approved a new domestic small- to mid-cap equity structure at a board meeting today.
The fund is looking to redeem from one of its three domestic mid-cap growth equity managers as a partial source of capital for upcoming obligations.
