Most institutional investors did not make significant asset allocation changes in 2020 due to the COVID-19 pandemic, however 2021 is looking to shape up differently, according to a new study.

The plan has not put its consultant contracts out to bid in more than 12 years.

Plan increased its equity allocation and reduced its fixed-income exposure through asset allocations changes approved last week.

Plan has launched a search for a new cio after losing its incumbent in December.

Plan named its first cio as the result of a search initiated late last year; will narrow its general investment consultant search to finalists for interviews next month.

Plan will conduct further due diligence on three emerging markets equity managers following review of an initial search report at this week’s investment committee meeting.