Equity
A Mid-Atlantic pension plan hired a new emerging markets equity manager following interviews at a meeting today.
Domestic and international equity manager AJO will close next month.
A pension fund near D.C. is keeping a close tab on two non-U.S. equity managers due to declining assets under management.
A New England pension plan terminated an international equity manager and will interview potential replacements next month.
A pension fund on the West Coast has terminated two non-U.S. equity managers and may consider replacement searches next year.
The deal expands Morgan Stanley IM to $1.2 trillion in assets under management.
The search is being conducted for due diligence purposes and the incumbent manager is currently on watch.
Endowments typically invest countercyclically by decreasing active risky allocations during the run-up to a crisis, such as the Global Financial Crisis, and then increasing these allocations as risky asset prices fall following the start of a crisis, new research shows.
A Midwestern pension plan terminated a global tactical asset allocation manager last month after placing the firm on watch last year.
A Northeastern pension plan will interview two global low volatility managers this week as it looks to complement its existing manager in the asset class.