A university based in a Southern state has adjusted its equity targets.
A Western-based 529 plan added three strategies to its watchlist at its board meeting due to underperformance.
The plan opted to hire one firm to manage a domestic small-cap allocation and another for international small-cap.
Plan funded a new international equity manager and added alternatives commitments in October.
Plan added five value-biased managers to its watchlist for performance reasons and removed an international equity firm based on improved performance.
Plan will conduct a search for small-cap managers in 2021 to provide a more comprehensive allocation to the space within its global equity portfolio.
A Great Lakes plan hired a new international value equity manager to replace a firm on watch this week.
A 529 plan based in the Midwest has adjusted its asset allocations.
A Great Lakes plan will review three international value managers to potentially replace an underperforming incumbent next week.
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.