Daily Feed
The global alternative investment manager hired Ari Dukas as managing director and lead credit product specialist.
BlackRock will acquire the global credit investment manager for approximately $12 billion.
Active large-cap value and Wilshire 5000 index mandates were shifted into a Russell 1000 Index fund earlier this quarter.
The plan will look to hire five firms after launching a search in January.
The plan will further review potential emerging markets equity manager replacement options in January.
The retirement systems will look to hire a core bond replacement next quarter after terminating Western Asset Management last month.
The current president and ceo is retiring after more than 26 years with the plan.
The plan will commit a total of $1.2 billion to the asset classes next year.
The firm appointed two members of its team to new positions.
The search is due to state regulatory requirements.