A Southern state plan will conduct a manager search as part of a newly approved global equity structure.
The plan is searching for a firm to handle more than $1.6 billion due to the contract expiration of its incumbent manager.
The plan issued two RFPs for managers to comply with procurement laws.
The plan rehired its index provider to manage five mandates.
Plan made a change in passive large-cap core equity providers last quarter.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
The plan will issue RFPs early next year for emerging markets equity and index managers.
The plan will interview two finalists in its index provider search later this month.
Plan will see a firm for passive U.S. and non-U.S. equities, fixed-income and real assets investment management services.