Large-Cap
A New England pension plan approved the hire of a new domestic large-cap value equity manager today after terminating its incumbent.
Plan’s RFP follows approval last month due to performance concerns related to the incumbent.
The plans’ consultant said more discussions may be necessary if the firm’s strategies don’t outperform in a market favoring value during a meeting today.
The new manager will take over an approximately $10 million portfolio.
Florida plan terminated a domestic large-cap growth equity manager and a global bond manager at yesterday’s board meeting.
A Midwest pension plan approved moving its two active domestic large-cap core equity managers to a passive mandate.
The police and fire pension fund is conducting the search “to see what else is out there” due to underperformance by its current manager.
A Great Lakes pension plan has targeted Dec. 11 for the relase of its general investment consultant RFP.
An investment consulting firm has begun searches for domestic large-cap value, large-cap growth and small-cap core managers.
A Western college savings plan added a fixed-income strategy to its watchlist in September due to underperformance.