Extensive and timely coverage of the institutional industry.
The acquisition is expected to close in the first half of this year.
The plan added two managers to its equity portfolio after increasing the target last year.
The plan disclosed the hire of a new emerging market debt manager at today’s board meeting.
He will retire in June after co-founding the firm in 2004.
The new hire and promotion are in conjunction with the cio’s upcoming retirement.
His resignation follows a personal trip to the United Arab Emirates to receive a COVID-19 vaccine.
Plan replaced its domestic small-cap value equity manager from a group of three candidates this week.
The plan opted to temporarily move to an index fund while a domestic equity structure study is conducted after the firm’s existing manager recently announced significant organizational changes.
Plan is seeking a domestic small- or small- to mid-cap equity manager to fill a recent gap in its emerging manager program stemming from a graduation.
The new hire is responsible for sales, marketing, consultant relations and client service for the firm’s products in the U.S. and Canada.