A Rocky Mountain-based pension plan will move a recently terminated hedge fund-of-funds mandate to a more conservative approach in the asset class.

Two transportation agencies on the West Coast have retained their investment advisor following an RFP search process.

A Northwestern pension plan hired a domestic small-cap value equity manager to replace its terminated mandate with Frontegra Asset Management at yesterday’s board meeting.

A Midwestern employees pension plan has issued an opportunistic credit manager RFP after increasing its target allocation to private credit last month.

A California pension fund added a $1 billion direct lending commitment.

The surging second quarter markets have left institutional investors breathing a sigh of relief as year-to-date and fiscal year numbers—while still not ideal—become more digestible after a gut-punch first quarter.