Mid-Cap
He will help oversee small-cap core and small- to mid-cap equity strategies, the firm said.
The search will fill a new target to domestic mid-cap value equity established following an asset/liability study.
The plan begins a new search and wraps up an existing one.
A Midwestern plan made several changes to its equity and fixed-income portfolios as part of its transition to a new long-term asset allocation policy.
The plan will begin a domestic small-cap growth equity search in the next couple of weeks to be followed by core bond and small-cap value searches.
The new structure results in three manager terminations.
The plan will interview three domestic mid-cap growth equity manager finalists at its February investment committee meeting.
The plan is searching for international small-cap managers due to incumbent contract expirations.
A Southern pension plan will consider a recommendation to consolidate portions of its passive domestic equity portfolio at its board meeting in March.
Nonprofit investors are expecting positive but muted returns from the equity and bond markets in 2021 after their portfolios generated solid performance in a year that upended global financial markets and saw unprecedented volatility.