Large-Cap
A Midwestern deferred compensation program terminated its domestic large-cap value equity manager at yesterday’s board meeting.
A foundation based in New England is creating a sustainable investment strategy before a top staff departs later this year.
The plan approved transitioning management of its three passive domestic large-cap equity mandates at a board meeting today.
His portfolio manager responsibilities will be assumed by other team members, the firm said.
A Southern pension plan consolidated its passive domestic equity portfolio at today’s board meeting.
The plan recently hired a domestic small- to mid-cap growth equity manager and terminated a domestic large-cap firm.
Plan will hear potential options related to its international large-cap value mandate due to the underperformance of its current manager.
The plan approved a $10 million investment in the manager at its board meeting today.
The plan made selections following interviews with two firms due to underperformance from incumbent managers.
He will help manage the firm’s flagship fund focused on enterprise software, data and technology.