The general employees, police and firefighters pension funds will look to replace an underperforming manager.
The systems are looking for passive U.S. Treasury/Agency fixed-income managers.
The plan hired a new international equity manager to handle a nearly $90 million portfolio at its board meeting last week.
The beginning of August was a passing of the torch both literally and figuratively at Wespath Investment Management as Johara Farhadieh took over the cio reins from long-time investment head Dave Zellner on Aug. 1.
The plan will receive information on three real estate managers at its November meeting, which will also see a presentation from an underperforming domestic equity manager.
The details are part of the firm’s inaugural Diversity, Equity & Belonging Advancement Report that highlights efforts the firm is making in promoting the issues internally and in the institutional investment industry overall.
June Kim was promoted to senior investment director of total fund management.
The plan has hired a new general investment consultant.
There are 33 Black-owned investment management firms with more than $1 billion in assets under management responsible for an aggregate total of $272.2 billion, FIN Searches data shows.
Today, we proudly unveil our fifth annual special edition of FIN Daily, dedicated to honoring Juneteenth.