Key Takeaways
- • A Southeast pension system has concluded its search for a large-cap value equity manager, according to Financial Investment News (FIN).
- • The retirement system also terminated its domestic large-cap growth equity manager in the third quarter.
- • The report does not disclose the names of the selected or terminated managers, mandate sizes, or search terms.
Summary
A Southeast pension system has concluded its search for a domestic large-cap value equity manager, according to a Financial Investment News (FIN) report. The article's headline and publisher summary are the primary sources for these facts.
In the third quarter, the same retirement system terminated its domestic large-cap growth equity manager. Taken together, the two actions indicate a change in how the fund is structuring its U.S. large-cap equity allocation across value and growth styles. The report does not specify the reasons for either decision, the assets involved, or the identity of the managers.
In the third quarter, the same retirement system terminated its domestic large-cap growth equity manager. Taken together, the two actions indicate a change in how the fund is structuring its U.S. large-cap equity allocation across value and growth styles. The report does not specify the reasons for either decision, the assets involved, or the identity of the managers.
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