A fund based in a Western state added an alternative investment strategy to its portfolio at its board meeting this month.
A plan in the Midwest will seek board approval of scheduled transition and passive management RFPs next month.
The plan concluded searches for an active international large-cap value equity manager and a passive domestic mid-cap equity manager in March.
Plan terminated a pair of public equity investments as part of an overall structure review of the portfolio.
Plan made several investment decisions in the first quarter.
The plan is searching for one or more managers to provide six equity index accounts.
New plan approved both interim and long-term asset allocation targets and hired two passive managers to assist with an impending transition of assets.
Plan will issue RFPs for private equity and private debt managers following approval this week.
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.
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