The transaction is expected to close next quarter.
Plan wrapped up its general investment consultant search following a pair of finalist presentations.
The new CIO retains existing portfolio management duties.
A Midwestern plan made several changes to its equity and fixed-income portfolios as part of its transition to a new long-term asset allocation policy.
The trust will consider active strategies for its maiden small-cap allocation.
A Rocky Mountain pension plan terminated its domestic small- to mid-cap core equity manager due to underperformance and personnel turnover.
The plan approved a hire at today’s board meeting following an RFP issued in December 2019.
The plan will begin a domestic small-cap growth equity search in the next couple of weeks to be followed by core bond and small-cap value searches.
Plan will review a domestic small-cap value manager at an upcoming meeting while its consultant takes an extra look at a bank loan manager.
The new structure results in three manager terminations.