Small-Cap

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 Midwestern pension plan wrapped up an international small-cap equity manager search with a pair of hires at today’s meeting.

The plan concluded its domestic small- to mid-cap equity manager search after receiving a search report today.

A Southeastern pension plan approved moving 50% of its domestic small- to mid-cap equity portfolio to passive management at a meeting today.

The plan is searching for small-cap firms for a domestic equity portfolio that is entirely with large-cap managers.

The plans’ consultant said more discussions may be necessary if the firm’s strategies don’t outperform in a market favoring value during a meeting today.