Non-U.S. & Global Equity
New England Pension Approves Global Equity Mgr. Search

The plan is potentially looking to replace its international developed markets equity manager.

Empire State DC Plan Issues Active Equity RFP

The search is for active large-cap, small- to mid-cap and small-cap equity managers.

Domestic Equity
Southern Pension Plan Hires Mid-Cap Growth Manager

The pension plan hired the manager as part of a new domestic equity structure.

Industry News
Northeast Pension Plan Divests From Eight Oil & Gas Companies

The divestments stem from New York State Comptroller Thomas DiNapoli’s Climate Action Plan.

Smaller Endowments Outperform Larger Peers As FY23 Average Returns Exceed FY22: Study

The average 2023 fiscal year return of colleges and universities’ endowments exceeded fiscal year 2022 returns as the smaller endowments’ public market exposures helped them outperform their larger peers.

Passive Equity
Mid-Atlantic OPEB Plan Shakes Up Equity, Fixed-Income Portfolios

The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.

Passive Equity
Rocky Mountain Board Swaps Equity, Hedge Fund Managers

The board replaced existing passive domestic equity and hedge fund managers at a meeting last month.

Non-U.S. & Global Equity
Mid-Atlantic Pension Plan Adds Commitments; Terminates Twelve Strategies

The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.

Non-U.S. & Global Equity
Northeast Pension Axes Int’l Equity Manager; Makes Commitments

The retirement fund liquidated a $243 million international equity mandate and made commitments totaling $770 million in December.

Passive Equity
Rocky Mountain 457 Hires Passive Equity Manager

The plan replaced its domestic all-cap equity manager, which had been on watch since April 2022 due to underperformance.