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The domestic small-cap equity manager’s returns ranked below its peer group median and the strategy had low tracking error relative to the peer group.
The fund added an international equity large-cap equity manager to watch status in the fourth quarter as the strategy had underperformed the MSCI EAFE Index for the trailing quarter, one-, two-, three- and five-year periods.
The pension fund hired two firms to split a 6% allocation.
The changes aim to improve portfolio quality for the retirement system’s domestic equity sleeve with several terminations and hires.
The plan will interview two firms in its general investment consultant search.
The pension fund opted to go passive for a formerly active domestic large-cap growth equity mandate.
The conference has entered into a private capital deal in a partnership between two private investment firms that will help with revenue generation, investment opportunities and provide a credit line.
The managing director will utilize their more than 15 years of direct private equity experience and origination capacity to build on the firm’s deal generation capabilities
The firm has launched its annual endowment and foundation survey as it looks to detail how nonprofits are approaching investments, governance, fundraising and the use of AI.
The investment analyst will assist in all stages of the investment process, including sourcing, origination, due diligence, implementation, monitoring and portfolio management.
