The fund will focus on the services, technology and consumer sectors.
Authority is searching for a firm to oversee its $600 million portfolio.
He will oversee the firm’s non-investment functions.
The new managing directors will focus on tech-enabled consumer and software verticals.
Payment processor Visa Inc. said Saturday that it plans to start separately categorizing sales at gun shops, a major win for gun control advocates who say it will help better track suspicious surges of gun sales that could be a prelude to a mass shooting.
Looking back over the second quarter and first half of the year, small-cap value active managers have outperformed their benchmarks by the widest margin of any active fund type, according to data obtained from Investment Metrics by Institutional Investor.
Lazard Asset Management announced the launch of its Lazard Thematic Inflation Opportunities Fund, intended to capitalize on the shift to a higher inflationary environment.
Firm added a consulting team member based in Jacksonville, Fla.