The plan hopes to increase equity exposure without significant volatility.
A Midwestern pension plan terminated its active large-cap equity managers to fund mandates with three new global equity managers hired following an RFP search.
A plan based in Chicago has hired an investment manager to handle a passive equity strategy.
A Southern state plan terminated global active equity manager Longview Partners following a global equity restructure review.
A university based in the South has selected an investment consultant to wrap up its search from the first quarter.
A Mid-Atlantic pension plan added a Standard & Poor’s 600 Index fund investment at last week’s board meeting.
The fund is looking for passive U.S. equity and fixed-income managers.
A Midwest pension plan approved moving its two active domestic large-cap core equity managers to a passive mandate.
BlackRock has agreed to purchase an equity index manager for approximately $1 billion in cash.
A Northeastern pension plan has canceled its outstanding investment manager searches due to a new consultant hire.