Passive Equity
Plan added public markets and private equity investments at last month’s board meeting.
Plan intends to approve an RFP for a index fund provider next month and terminated a global tactical asset allocation mandate at today’s meeting.
The plan appears to be seeking its first passive investments in equities and bonds.
The plan will also begin a search for a Standard & Poor’s 500 Index manager.
The plan will interview to active, concentrated firms to potentially replace its existing large-cap growth managers.
A Southwestern pension plan approved a new global equity structure and a hired a manager to fill a new passive component at today’s meeting.
A Southern pension plan will consider a recommendation to consolidate portions of its passive domestic equity portfolio at its board meeting in March.
Nonprofit investors are expecting positive but muted returns from the equity and bond markets in 2021 after their portfolios generated solid performance in a year that upended global financial markets and saw unprecedented volatility.
An East Coast plan hired a new emerging markets equity manager as well as a passive fixed-income manager in August.
The plan hopes to increase equity exposure without significant volatility.