Plan will conduct further due diligence on three firms in its domestic small-cap and small- to mid-cap equity emerging manager space.
The team joins First Eagle from Royce Investment Partners.
Plan agreed to terminate a dedicated emerging markets small-cap manager at this week’s investment committee meeting.
The plan opted to shift its domestic small-cap equity portfolio to a passive strategy.
A foundation in the South added a global equity manager and replaced an international small-cap equity manager within its endowment in the first quarter.
The plan made a small-cap equity manager switch and is watching its hedge fund-of-fund managers.
The plan named four contenders for its emerging markets equity search and concluded its non-U.S. small-cap search.
The plan last conducted domestic mid-cap and small-cap equity searches in 2014.
The plan made a hire in its search to replace a previously terminated international small-cap equity manager.
The plan retained its domestic mid-cap value equity manager following an RFP search.