The plan terminated its global manager due to asset declines and underperformance.
An institution in the Mid-Atlantic region approved a new target asset allocation for its investment portfolio and added three new managers at its meeting last month.
A Virginia-based pension plan approved new long-term asset allocation targets as well as an emerging markets growth equity investment today.
The plan is searching for domestic small-cap value equity managers as its incumbent underperforms.
The plan terminates its developed markets equity manager due to organizational changes and underperformance.
The plan is seeking managers to handle an up to $500 million mandate.
The plan has selected a new emerging markets equity manager to replace its incumbent.
The plan hired maiden emerging markets small-cap equity managers after adding the asset class in 2019.
The plan will interview two international small-cap equity managers at its next board meeting.
The plan concluded searches for an active international large-cap value equity manager and a passive domestic mid-cap equity manager in March.