Passive Equity
The plan approved a new asset allocation as well as new index fund providers at a board meeting today.
The plan received presentations from two finalists in its passive investment manager search at a meeting today.
The plan will review draft RFPs for private equity and private debt managers at a board meeting this month.
The plan does not currently have an active small-cap firm after terminating the previous manager earlier this year.
The plan hired Northern Trust following finalist interviews at today’s meeting.
A deferred compensation plan in the Rocky Mountain region terminated its sustainable equity manager, which had been on watch due to underperformance.
The plan rehired its passive manager for its core investment options menu.
The plan opted to shift its domestic small-cap equity portfolio to a passive strategy.
A university in the South approved commitments to private equity and real estate funds within its endowment and changes to the public equity and fixed-income managers within its endowment and operating pools at its investment committee meeting last week.
The plan has begun its passive domestic large-cap equity search, with other RFPs coming.
