Large-Cap
A Western college savings plan added a fixed-income strategy to its watchlist in September due to underperformance.
The pension fund asked its consultant to provide potential alternatives to its incumbent due to performance concerns after a third quarter performance review at its meeting yesterday.
The pension fund’s consultant called the incumbent manager a “significant detractor” and recommended bringing them in for a discussion at a future meeting.
Move to a single passive equity manager would save more than $13,000 a year in fees.
A Midwest pension plan is considering moving its two active domestic large-cap core equity mandates to passive investing.
The firefighters pension fund hired the domestic large-cap value equity manager to handle a $12 million portfolio at its board meeting today.
The plan recently hired a new general investment consultant, which will introduce new asset classes for potential inclusion.
A pension fund in New England made a domestic large-cap value equity hire at a special board meeting today.
An Eastern state plan disclosed several commitments as part of its initial allocation to alternative risk premia.
A Southwestern pension plan approved a pair of domestic large-cap growth equity emerging manager investments this week.
