Quant Strategies Win U.S. Plans' Favor In Q1 - MandateConnect Newsletter, May 16, 2024

“We don’t want to become just a big index fund,” Tim Taylor, senior investment officer for global equity at the Florida State Board of Administration, told an end-of-year board meeting. Taylor was explaining the Florida system’s approach to in-house public equity investing, detailing its use of factors such as momentum and trend to beat benchmarks. His comments also speak to the widening chasm in U.S. public pensions between large plans with in-house quantitative strategies that can outpace benchmarks and smaller plans dependent on external managers.