Absolute Return
He will be responsible for the performance of BNPP AM’s flexible and absolute return funds.
The managing director of public markets and absolute return is retiring after more than 23 years at the institution.
The plan approved a credit commitment with an existing manager and an internally managed absolute return allocation last week.
The plan redeemed an absolute return investment and disclosed five private markets commitment.
The plan disclosed several new private commitments in addition to two absolute return manager redemptions at its meeting Friday.
A university in the Great Lakes region will consider making venture capital and absolute return commitments with new managers within its long-term portfolio at its board meeting today.
The plan terminated the sole manager handling its $169 million portfolio.
The plan re-upped with existing private equity and absolute return managers at today’s meeting.
A Rocky Mountain-based pension plan has hired five hedge fund managers following the termination of its sole hedge fund-of-funds manager.
The plan hired a hedge fund-of-funds manager following a focused-list search and committed to an existing buyout manager yesterday.
