The new additions will lead Wasatch’s new Global Small Cap Value and International Small Cap Value equity strategies.
The firm was rehired based on “superior quality, efficiency and fitness of [their] proposed solution” as well as the cost-effectiveness of their proposal.
The plan made two commitments in the asset class since its last board meeting.
The search is due to the upcoming contract expiration of its incumbent.
The search was recommended to explore the space for a new core fixed-income manager.
Kevin SigRist has returned to his role as cio at the state retirement systems – a role he resigned from in 2017.
The city issued an RFP last year due to the contract expiration of its incumbent advisor.
The town opted to maintain its current strategy of investing in the local government pool over hiring an external manager.
The firm is predicting moderate global equity performance, better high-yield bond returns and strength in private credit over the coming decade.
Canyon Partners has added two new members to its capital formation team