Emerging/Diverse Managers
The Institutional Investing Diversity Cooperative will promote more robust data and a broader industry definition of diversity.
The large-cap equity manager was first acquired by Morgan Stanley in 2011.
A Midwestern pension plan terminated its active large-cap equity managers to fund mandates with three new global equity managers hired following an RFP search.
A plan based in Chicago has hired an investment manager to handle a passive equity strategy.
The plan opted to hire one firm to manage a domestic small-cap allocation and another for international small-cap.
Plan funded a new international equity manager and added alternatives commitments in October.
The manager will look to identify emerging hedge fund firms.
The search is open to funds that invest in diverse-owned firms.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
A New England pension plan tapped a replacement for a recently terminated absolute return manager at a meeting today.