Victory Capital has submitted a bid to acquire Janus Henderson Group that is of “meaningfully higher value” than the firm’s pending deal with Trian Fund Management and General Catalyst Group Management.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.
The plans received four submissions in response to an RFQ.
The retirement system terminated an equity manager that handled two mandates yesterday.
The principal and financial advisor will retire from the investment consulting firm this summer.
The senior advisor previously served as ceo of the Alaska Permanent Fund Corporation.
The retirement system also selected finalists in its domestic core fixed-income manager search today.
The search is being conducted due to the upcoming June 30 contract expiration of incumbent CAPTRUST Financial Advisors.
The retirement system also hired two value-add real estate managers today.
The retirement system made venture capital commitments totaling $45 million last month.