Daily Feed
The plan relaunched a search after initially hiring a firm last year.
The pension fund concluded a general investment consultant search by selecting its incumbent this week.
The fund hit its $2.3 billion hard cap in six months.
The pension plan has worked with incumbent Atéssa Benefits since 2015.
The firm has closed its seventh flagship real estate fund with $354 million in capital commitments.
Hedge funds overall may not have the panache today that they held in the early aughts but institutions continue to find these strategies to be beneficial in providing portfolios with the best risk-adjusted returns in today’s market and the future.
The plan has made several changes to its portfolio in recent months.
The authority is seeking the services on behalf of its defined benefit, 457(b) and 401(a) plans.
He has been with the firm since 2018, most recently as senior managing director for global origination.
The direct lending fund exceeded its initial fundraising target.