Four former partners of LSV Asset Management defeated the firm’s motion to dismiss their $100 million lawsuit.
The plan was informed of staff-delegated alternatives commitments totaling $1.5 billion at its board meeting last week.
Matthew Benkendorf, cio and head of the firm’s Quality Growth global equity investment boutique, is stepping down.
John Lippmann has joined the diversified real estate manager as head of its U.S. real estate capital markets.
House Bill 506 shifts sole responsibility of the investment decisions for the state pension fund from the treasurer to a newly created, multi-member investment authority.
The retirement system will interview three general investment consultant finalists next month.
The retirement system approved private equity commitments across two managers at today’s board meeting.
The plan hired a new domestic fixed-income manager earlier this year.
The retirement system added a new 10% target to the asset class in May.
The city does not currently utilize an investment advisor for its $455 million in cash and investments.