A Virginia-based pension plan shifted assets from its private credit portfolio and added two commitments at its board meeting yesterday.
The plan moved its four index funds with Vanguard Group to index funds with Fidelity Investments.
The plan terminated its sole reinsurance manager in May.
A Northwestern 457 deferred compensation plan terminated three investment managers to simplify its investment menu.
He will help expand the firm’s global equities product offering.
The plan agreed to advance RFPs for an illiquid credit emerging manager program and passive fixed-income manager.
They currently manage a EuroPacific growth fund and a world growth fund.
A fund based in the Great Plains region will consider replacing two emerging markets equity managers and an international small-cap equity manager at its board meeting today.
Plan approved a new international equity portfolio that will result in new managers.
They will provide investment analysis of emerging market equities.