A Southeastern retirement plan approved a new domestic small- to mid-cap equity structure at a board meeting today.
The fund is looking to redeem from one of its three domestic mid-cap growth equity managers as a partial source of capital for upcoming obligations.
A Texas plan has hired an emerging manager to replace a domestic small-cap value equity account and graduated the same firm out of its emerging manager program.
He will be replaced by two senior portfolio managers from his team.
The plan added a third manager to its domestic small- to mid-cap equity portfolio in September.
A pension fund in New England begun a domestic small- to mid-cap core equity search due to state procurement rules.
A Midwestern pension fund will hear domestic small- to mid-cap value equity finalist presentations as part of an ongoing search process.
A Mississippi plan made a value-add real estate commitment with an existing manager at its board meeting today.
A pension fund in the Northeast has begun a search for domestic small- to mid-cap equity managers due to procurement laws.
The search is being conducted for due diligence purposes and the incumbent manager is currently on watch.