Passive Equity
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The retirement system is looking to index its international equity portfolio.
The retirement fund approved the addition of an 11% sub-allocation target to a climate transition index in the third quarter.
Three firms submitted proposals to the plan’s equity index RFP.
The retirement system will consider replacing its active domestic mid-cap growth equity manager.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.
The retirement system also added two private credit commitments in the third quarter.
The three firms failed to meet the New York City Retirement Systems’ climate expectations, Comptroller Brad Lander says.
The plan is also expected to reduce positions in U.S. small-cap and explore enhanced indexing as parts of an overall global equity portfolio roadmap discussed last week.
The retirement fund terminated the manager due to underperformance.