Nebraka Investment Council has restructured its equity portfolio. The council's defined benefit will now cover all of its global equity holdings in actively managed strategies and all of its international holdings in passive offerings. In council meeting materials, a presentation from investment consultant Aon Hewitt Investment Consulting said staff and the consultant "believe that global mandates provide a more fertile hunting ground for 'alpha' than region-specific (e.g., 'international' or 'emerging market') mandates." The institution is not hiring any new investment managers despite the changes. Previously, passive management accounted for 25% of Nebraska's global equity strategies. Active management previously accounted for 42.5% of the firm's international stock exposure. Nebraska Mutual Insurance Company (NMI) announced today that it plans to sell a portion of its life insurance business as part of an effort to reduce costs.
Nebraka Investment Council has restructured its equity portfolio. The council's defined benefit will now cover all of its global equity holdings in actively managed strategies and all of its international holdings in passive offerings. The institution is not hiring any new investment managers despite the changes. Previously, passive management accounted for 25% of Nebraska's global equity strategies. Active management previously accounted for 42.5% of the firm's international stock exposure. Nebraska Mutual Insurance Company (NMI) announced today that it plans to sell a portion of its life insurance business as part of an effort to reduce costs.