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The foundation has utilized the same manager for its investment portfolio since 2006
The retirement system had anticipated initiating the search per state regulations.
Differences in return from a size perspective were meaningful in 2024 among U.S. equity universes.
The authority is seeking investment advisory services on behalf of its roughly $345 million in cash and investments.
The retirement board is seeking an active value-oriented international equity manager.
The new associate director serves on the firm’s product management team.
The retirement system hired five managers to each handle between $50 million and $75 million yesterday.
The retirement system approved the search at its February board meeting.
The agency is seeking investment consulting and custodial services for its $476.8 million retirement plans.
The firm’s hire will be recommended to the full board at a meeting later this month.