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A managing principal and consultant at the firm will leave in the first quarter after more than two decades of service.
The firm has launched an equity research group to further build and develop its efforts in the global sustainable energy, technology and infrastructure markets and hired a lead analyst to head the group.
The firm has acquired a North Carolina-based investment advisor and financial planning firm with more than $1.3 billion in assets.
The fund selected a firm to provide low duration/short-term fixed-income exposure over three other managers following finalist interviews held at its board meeting last month.
The 529 plan has issued an RFP seeking an investment manager due to the upcoming contract expiration of its incumbent manager, which has been providing the services since 2003.
The plan is conducting the search as part of a review of all major contracts.
The plan is looking to hire three managers to handle a total of more than $1.6 billion.
The commitments to three firms represent new relationships.
The interviews follow searches conducted after approval of a new asset allocation mix this year.