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The institution approved divesting its endowment from companies profiting from the war in Palestine earlier this month and will look to explore investments that proactively support humanitarian and entrepreneurial companies doing positive work in the region.
The foundation is searching for a director of investment operations to be responsible for recording investment activity and managing asset allocation for its endowment.
The plan stayed in-house to replace a retiring Christopher Ailman, whose last day with the plan is June 30.
The search is a result of a new asset allocation.
The retirement system could not come to an agreement with its previously hired manager.
Global credit investment manager Marathon Asset Management has expanded the leadership of its emerging market debt and U.S. opportunistic credit businesses.
The pension plan agreed to consider replacing its domestic large-cap core equity manager due to underperformance and a recent personnel change.
The plan approved an asset allocation in March that introduced new targets to international small-cap equity and infrastructure.
The plan’s current manager was first hired in 2017.
The transit system is seeking the services on behalf of its 457(b) and 401(a) plans.