Plan agreed to terminate a dedicated emerging markets small-cap manager at this week’s investment committee meeting.
A Northwestern state fund hired three global active equity managers and added two private markets commitments at its board meeting today.
The plan made a hire in its search to replace a previously terminated international small-cap equity manager.
Fund launched a search for passive equity and fixed-income providers this week.
Plan will conduct further due diligence on three emerging markets equity managers following review of an initial search report at this week’s investment committee meeting.
The plan will move the assets into international equity and emerging markets equity.
Plan expects to narrow its global low volatility search to finalists for interviews next month after an initial cutdown of proposals.
An East Coast plan hired two new global equity managers and an opportunistic fixed-income manager in November.
Plan added a $40 million commitment to an existing minority- and women-owned investment firm and made several changes to its watch list this week.
The plan is seeking a manager-of-managers to handle a portfolio of women- and minority-owned international equity managers.