Equity
The plan hired Neuberger Berman at today’s board meeting following an RFP search.
The plan will implement its recently approved asset allocation policy in three phases.
A university in the South will consider recommendations to add new global equity managers to its endowment next year.
The board approved an initial allocation of $1 billion to emerging managers across multi-asset classes.
The plan terminated two of its international equity managers last month.
The plan hired two emerging markets equity managers and approved three private markets fund commitments.
The plan hired two firms in the domestic small-cap equity space to replace a previously terminated manager.
The plan rehired one incumbent equity manager and moved another manager’s mandate to a passive portfolio.
A Midwestern state plan will consider eliminating its global equity allocation at a future meeting.
The plan terminated a domestic small-cap core equity manager and made a private equity commitment with an existing manager this week.