Passive Equity

Credit/Private Debt
Rocky Mountain Plan Adds Private Credit Commitment; Axes Equity Mgr.

A Rocky Mountain pension plan added a private credit commitment and terminated an equity manager at a special board meeting in June.

West Coast Transportation Plan Eyes New PE, Treasury Asset Classes

A West Coast transportation plan will conduct multiple manager searches as a result of a new asset allocation.

Rocky Mountain Plan Halts High-Yield Investment; Approves Rebalancing

A Rocky Mountain pension plan will not proceed with a recently approved high-yield investment.

Industry News
Western University Foundation Sued For Breach Of Fiduciary Duty

The former board chairman of a Western-based university foundation has sued the institution alleging a breach of fiduciary duty.

Northeast Plan Launches Large-Cap Value Mgr. Search

A Northeastern pension plan has issued its RFP seeking domestic large-cap value equity managers.

Credit/Private Debt
Michigan Plan Narrows Distressed Debt Search

A Michigan pension plan has narrowed a distressed debt search to a single finalist.

Domestic Equity
West Coast Plan Hires Smid-Cap Manager

A West Coast pension plan hired a domestic small- to mid-cap equity manager as part of a new asset allocation approved at its board meeting today.

Mid-Atlantic Plan Axes Active Large-Cap Exposure

A Mid-Atlantic pension fund eliminated its active domestic large-cap equity exposure this week.

Domestic Equity
Florida Plan Approves New Public Market Portfolio Structure

A Florida pension plan has approved a new public market portfolio structure that will see the elimination of five existing active managers as part of changes aimed at reducing duplication and increasing liquidity and reduce fees.

Passive Equity
New England Plan Begins Russell 2000 Growth Index Manager Search

A pension fund in New England has begun a search for a Russell 2000 Growth Index manager.