News

A Calif.-based plan placed a global equity manager on watch today and may terminate the firm pending a due diligence review.

As pressure builds on philanthropy to respond to the disastrous social and economic effects wrought by COVID-19, the Wallace Global Fund is calling on philanthropic foundations to significantly increase their grantmaking beyond the 5% required by law.

A West Coast plan will look to terminate three public equity managers at next week’s board meeting.

A Texas pension plan axed its hedge fund portfolio target as part of a new asset allocation mix approved last month.

A Southeastern pension plan will seek approval of an emerging market equity manager termination later this month.

Corporate, public, and university funds lost a median 7.23% in the first quarter from falling equities, BNY Mellon says.