Domestic Equity
A foundation based in the Midwest replaced a small-cap growth equity manager with a similar strategy.
The fund will discuss potentially conducting a search to replace its incumbent small-cap value manager due to underperformance.
The university approved a new investment policy statement with revised long-term strategic asset allocation targets for its strategic and reserve pool last year.
The deferred compensation plan reviewed an initial search report at its deferred compensation committee meeting last week.
The retirement system will interview two growth and two value finalists next month.
The retirement system made a change due to the incumbent’s portfolio turnover and subsequent strategy deviation.
The upcoming search stems from a new domestic equity structure approved today.
The plan is conducting the search in anticipation of the expiring contracts of its three large-cap growth managers.
The retirement system hired a new manager at its board meeting yesterday after finalist interviews were held in March.
The plan’s current U.S. small-cap growth equity allocation is handled by UBS Asset Management.