International / Global / Emerging Markets
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.
The plan will interview three firms later this month in a search to replace incumbent LMCG Investments.
The plan made commitments totaling roughly $245.5 million with four existing managers and one new manager in November.
A foundation in the Northeast swapped emerging markets equity managers this year as it decided it was an opportune time to make the change.
Program hired a new manager to handle the international equity portfolio for its prepaid college program in the third quarter.
The plan will conduct a detailed review of its emerging markets equity portfolio that will include small-cap candidates next month.
A Southern state plan will conduct a manager search as part of a newly approved global equity structure.
The plan is searching for a firm to handle more than $1.6 billion due to the contract expiration of its incumbent manager.
The plan issued two RFPs for managers to comply with procurement laws.
