Passive Equity

A Mid-Atlantic pension fund eliminated its active domestic large-cap equity exposure this week.

A Florida pension plan has approved a new public market portfolio structure that will see the elimination of five existing active managers as part of changes aimed at reducing duplication and increasing liquidity and reduce fees.

A Midwestern pension plan hired an active international equity manager to replace a passive mandate earlier in the quarter.

A Virginia pension plan will hear private equity recommendations later this year as part of a pacing plan reviewed this week.

A Windy City plan disclosed the name of a recently terminated international equity firm at today’s board meeting.

A Southwestern pension plan is scheduled to finalize hires in an ongoing venture capital search at tomorrow’s board meeting.