Equity
The plan is seeking firms to handle a roughly $72 million allocation.
The pension plan shifted its emerging manager program to a U.S. small-cap equity mandate to increase its chances of achieving excess returns.
The plans recently replaced a domestic mid-cap growth equity manager due to underperformance and hired a sustainable equity manager.
The plan is seeking small- to mid-cap growth and value equity managers as it considers a streamlining of its domestic equity portfolio.
The plan will also receive an infrastructure search report next month.
The pension plan agreed to increase its global equities target by reducing its global private equity target from Oct. 1 through Dec. 31, 2024.
The college savings plan has selected a new manager to handle its international equity portfolio after unsuccessfully appointing a firm in the second quarter.
The plan elevated its core-plus bond manager to watch status.
The plan’s domestic large-cap portfolio will now be passively managed.
The foundation made its first-ever mission-related investment with an equity investment in a small business investment company that provides growth equity to minority- and women-owned businesses in the region.