International / Global / Emerging Markets
The plan’s real estate committee made two commitments with existing managers and one commitment with a new manager last week.
New York-based Welton is a global macro and ESG investment manager with $1.3 billion in assets under management.
Plan is looking to fill a new $700 million allocation to global credit and conduct due diligence on its passive investment managers.
The plan will issue RFPs this quarter after canceling previous search due to COVID.
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 plan’s current emerging markets equity manager stands to lose two mandates.
The plan is seeking a complementary manager to the incumbent small-cap strategy within its emerging markets equity portfolio.
Many nonprofit investors anticipate positive but muted returns from the equity and bond markets in 2022 and are looking to de-risk their portfolios and rebalance toward policy allocations after colleges and universities saw their highest returns in more than three decades.
The prospects of economic and societal impacts of new COVID-19 variants coupled with continued supply chain issues and an inflationary environment that is less transitory than initially expected has led investors to take a more cautious approach with their investment portfolios.
The plan will interview three firms later this month in a search to replace incumbent LMCG Investments.