Non-U.S. & Global Equity
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
The plan terminated two of its international equity managers last month.
The strategic partnership will create a distribution platform for Bell’s global equity strategies in the Americas.
A Midwestern state plan will consider eliminating its global equity allocation at a future meeting.
The hires require board approval next month and conclude an RFP process that began in March.
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
Plans add emerging markets equity and international small-cap investments for diversification purposes.
The plan does not have dedicated managers to either asset class.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
The plan is watching a manager after two co-PMs departed and hired a new international growth equity manager.