Large-Cap
The plan approved a hire at today’s board meeting following an RFP issued in December 2019.
The plan will interview to active, concentrated firms to potentially replace its existing large-cap growth managers.
General investment consultant CAPTRUST Financial Advisors will return with three or four candidates to replace an incumbent manager in the coming months.
The plan is searching for domestic large-cap equity managers to handle up to $30 million.
Plan concluded searches for domestic large-cap growth and value equity managers without making any changes.
The plan is seeking a domestic large-cap value equity manager to handle roughly $18 million.
A 529 plan in a Northern State has added a large-cap core equity strategy and an emerging markets equity strategy to its lineup of underlying fund options.
A Southern pension plan will consider a recommendation to consolidate portions of its passive domestic equity portfolio at its board meeting in March.
A foundation-based on the West Coast approved a new target asset allocation increasing its targets to real estate, domestic large-cap equity and international equity in December.
The new manager will take over an approximately $86 million large-cap value strategy for the plan.