Large-Cap
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.
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.
