The new consultant relations head joins after a 13-year tenure at BlackRock.
CORRECTION: The Town of Norwood (Mass.) Retirement System hired WCM Investment Management along with Arrowstreet Capital and Axiom Investors as its new global equity managers. Incorrect information provided by the plan appeared in the Sept. 4 edition of FIN Daily.
The funds are being moved to an international index fund managed by Fidelity Investments.
The termination recommendation stems from fixed-income structural changes approved last summer that eliminated sub-asset class targets in core-plus and high-yield.
The value-add real estate manager hired a new head of acquisitions for the Eastern region.
Jean-Charles Sambor leads a new six-person emerging market debt team as a complement to TT’s equities franchise.
The retirement system added three team members, including two managing directors, to its staff.
The retirement fund returns to a previous general investment consultant relationship after changing firms following a similar search process conducted in 2019.
Inclusion of more venture capital funds, which often have lower GP commitments, likely led to the drop.
The retirement fund has a new senior investment officer following a recent promotion.