The new CIO retains existing portfolio management duties.
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 trust will consider active strategies for its maiden small-cap allocation.
A Rocky Mountain pension plan terminated its domestic small- to mid-cap core equity manager due to underperformance and personnel turnover.
The plan approved a hire at today’s board meeting following an RFP issued in December 2019.
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.
Plan will review a domestic small-cap value manager at an upcoming meeting while its consultant takes an extra look at a bank loan manager.
The new structure results in three manager terminations.
The plan disclosed the terminations and commitments, which were previously approved in closed session.
The plan is open to core, growth and value strategies and will consider micro-cap managers.