Small-Cap
Plan has launched an international small-cap equity manager search and concluded its U.S. small-cap core equity manager search with a hire at today’s board meeting.
The plan terminated the firm after placing it on watch for underperformance last year.
The search is to replace a previously terminated manager due to performance reasons.
A university based in New England has added two commitments to its portfolios.
Plan directed its general investment consultant to return with a search on “best ideas” real assets strategies.
The plan is searching for domestic small-cap value equity managers as its incumbent underperforms.
Two Southeastern pension plans approved domestic small-cap equity manager changes at today’s board meeting.
The plan hired maiden emerging markets small-cap equity managers after adding the asset class in 2019.
The plan will interview two international small-cap equity managers at its next board meeting.
A university based in the Midwest increased its target allocation to domestic small-to-mid-cap equities in late April.