Passive Equity

Plan will issue RFPs for private equity and private debt managers following approval this week.

The plan approved a new asset allocation as well as new index fund providers at a board meeting today.

The plan does not currently have an active small-cap firm after terminating the previous manager earlier this year.

The plan hired Northern Trust following finalist interviews at today’s meeting.

The plan opted to shift its domestic small-cap equity portfolio to a passive strategy.

A university in the South approved commitments to private equity and real estate funds within its endowment and changes to the public equity and fixed-income managers within its endowment and operating pools at its investment committee meeting last week.