Passive Equity
One of two private credit commitments approved earlier this year has failed in negotiations.
The retirement system agreed to launch an evergreen private debt manager search and terminate three managers as part of a new asset allocation policy.
The plan decided to move one of its active international equity managers to passive management following performance concerns.
The plans recently replaced a domestic mid-cap growth equity manager due to underperformance and hired a sustainable equity manager.
The college savings plan has selected a new manager to handle its international equity portfolio after unsuccessfully appointing a firm in the second quarter.
The plan elevated its core-plus bond manager to watch status.
The restructuring resulted in the termination of two active managers.
The plan’s new U.S. equity head joins from an investment consultant.
The plan hired a new firm to provide custodial and index management services.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in May.
