The city concluded its search for a firm to provide the services for its $1 billion investment portfolio.
Wafra Inc is increasing its shareholding in private investment manager Ardian.
Stephen Weiss has joined Acadian Asset Management as senior v.p. for business development.
The pension plan rehired its incumbent consultant in 2021 following a similar search.
The New York-based authority rehired the firm to provide pension fund investment advisory and trustee services last month.
The firm will provide non-discretionary investment advisory services for the city’s short and long-term investments.
Silver Hill Energy Partners has closed its fifth partnership and third institutional private equity fund.
Robert Brackenbury, deputy cio of the $122.4 billion State of Michigan Retirement Systems, has retired.
Steve Edmundson has been appointed as executive officer of the retirement system after serving as cio since 2012.
The selected firm will provide services for the city’s managed investment portfolio that is valued at $430 million.