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A foundation based in the Mid-Atlantic region has hired a new outsourced cio following a search from last year.
Teton Advisors expanded its investment platform with the addition of a three-person small-cap equity portfolio management team and the assignment of longstanding account relationships, the firm announced.
A foundation in the South will narrow its discretionary investment advisor search to around eight firms in the coming weeks.
The plan narrowed the search to the top two scoring firms.
The fund is seeking investment consultants to manage its approximately $23 million in assets.
Plan shifted its emerging markets equity allocation to an active manager at the end of 2020.
The departures are a result of the liquidation of several H2O funds managed by the outgoing personnel.
The fund approved the addition of an active fixed-income manager to its lineup at a meeting yesterday.
The investment will provide Monroe with additional resources to pursue strategic initiatives as it continues alignment with clients, the firm said.
The plan is looking to invest $10 million in a diversified strategy.