A fund in the Great Plains region is in the process of divesting its portfolio’s exposure to Russian securities, which are primarily held within its international equity and absolute return portfolios.
The plans expect to issue a third-party administrator RFP in the second quarter and recently decided to replace emerging markets core equity manager Lazard Asset Management.
A college in New England updated the target asset allocation for its endowment last year, increasing allocations to global equity and long/short hedge funds.