Equity
The plan added an allocation to global equity through the liquidation of another portfolio.
The plan will be seeking a provider to manage five index mandates.
The plan hired three firms in its international equity search.
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.
The search is to replace a manager terminated at last month’s board meeting.
A 529 plan in the South hired a replacement domestic small-cap value equity manager and removed a domestic equity manager from its watchlist at its second quarter board meeting.
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.
The search is required due to the upcoming contract expiration of its incumbent.