International / Global / Emerging Markets
A Virginia-based pension plan approved two commitments at its board meeting yesterday.
Plan’s investment advisory committee agreed to endorse a private markets consultant recommendation that will require full board approval later this month.
The plan is seeking developed market international equity products.
The hire follows the termination of an incumbent global fixed-income manager last year.
A plan based in the South is searching for firms to manage an international equity portfolio.
A fund based in the West received a global equity portfolio structure analysis from its general investment consultant last month.
The plan disclosed four finalists in its shortlist search for emerging markets equity managers at a January meeting.
A Rocky Mountain pension plan liquidated a hedge fund-of-funds investment and moved the assets to existing global equity managers at a board meeting last week.
They will be responsible for all business activities in Greater China, Singapore, Australia, Japan, India and Korea.
The plan is targeting up to 15 emerging markets managers and up to 10 international small-cap managers.
