A Virginia-based pension plan added commitments with new and existing managers in September and made several changes to its fund lineup over the past fiscal year.
The search is due to the contract expirations of its two incumbents that currently manage over $900 million.
The plan is searching for a firm to handle more than $1.6 billion due to the contract expiration of its incumbent manager.
A plan based in Chicago hired a diverse-owned fixed-income manager at the beginning of the month following a search.
A 529 plan in the Midwest has swapped several underlying real estate and fixed-income strategies to help reduce fees.
The plan is watching four firms due to underperformance and hired a new emerging markets equity manager.
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
The plan will implement its recently approved asset allocation policy in three phases.
The plan added a second firm to its emerging manager program and continued to build out its private credit portfolio.
Plan will issue an RFP moving forward after approving a new global credit allocation last week.