Philadelphia Board of Pensions has terminated its global low-volatility manager, marking the latest portfolio-management change disclosed on May 27.
The report did not identify the manager, assets affected or an immediate replacement, leaving the scope and implementation timeline unclear.
The move comes as institutional investors keep reassessing risk-control strategies, with first-quarter 2026 filings showing university endowments using ETFs, gold and crypto to hedge risk and seek returns.
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