Equity
The plan approved an emerging markets equity manager search and new real estate pacing plan yesterday.
The plan hired a long/short equity manager as part of a new asset class structure.
A Midwestern pension plan concluded its private credit search at today’s board meeting.
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
The plan will issue an RFP in the spring for domestic small-cap equity managers.
The plan will issue RFPs early next year for emerging markets equity and index managers.
The plan will hire five emerging managers-of-managers to oversee $1 billion.
The plan has one incumbent manager that has underperformed relative to its benchmark.
The system approved replacing its incumbent domestic small-cap value equity manger with a new firm to better align its portfolio with its sustainable investment goals this week.
The plan is watching a manager after two co-PMs departed and hired a new international growth equity manager.