Doug Hanly joined the Louisiana State Police Retirement System as its inaugural cio in 2023 from wealth management firm Atala Financial, where he had been cio since 2021.
Generali Investments Holding and Natixis Investment Managers have ended negotiations to combine to create a joint firm with roughly $1.9 trillion in assets under management.
The retirement system will interview three finalists at its February investment committee meeting.
The retirement system approved up to $320 million across two private markets commitments.
First Eagle will acquire the boutique investment manager in an all-cash transaction valued at approximately $473 million.
The board launched a search earlier this summer due to its incumbent manager’s expiring contract.
The pension plan disclosed more than $500 million in private markets commitments made in recent months.
The city has rehired the record keeper for its $877 million Defined Contribution and Deferred Compensation Plans.
Alex Kozhemiakin has joined Lazard Asset Management as managing director and co-head of emerging market debt.
The manager had been on watch since last December due to underperformance.