The UBC Faculty Pension Plan Board recently approved the termination of one of the two active global equity managers, JP Morgan, and the hiring of a new global equity manager, Arrowstreet Capital. This change affects the Balanced Fund and Foreign Equity Fund options. Effective October 2017, the assets being managed by JP Morgan will be managed by Arrowstreet Capital. The investment management fees are expected to increase slightly for both the Balanced Fund and Foreign Equity Fund options with this change. Once the assets have been transferred to Arrowstreet Capital, further information on the investment management fees will be provided (updated September 30, 2017).