Equity

A trust fund in the South approved a new target asset allocation that increased its exposure to growth assets including equity and real estate at its June board meeting.

The plan added an allocation to global equity through the liquidation of another portfolio.

Hires stem from a newly adopted asset allocation.

The plan has narrowed its emerging markets equity search to four firms and private equity search to five funds.

Plan selected a domestic small- to mid-cap equity emerging manager this week.

A Midwestern plan approved an investment with an existing passive domestic equity manager and a distressed debt commitment this month.