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The retirement system will allocate $450 million with the new international equity manager.
The foundation has hired the founder and managing partner of a boutique consulting firm focused on sustainable finance and investing as its cio.
The deferred compensation plan replaced its domestic large-cap value equity manager in the fourth quarter.
The new asset allocation will “bring down projected volatility” for the city’s three pension plans.
The hire concluded a domestic small-cap value equity replacement search from earlier this year.
The firm has appointed Jonathan Au as partner and Jordan Bloom as associate.
The pension plan is recommending removal of exposure to Clearlake Capital Group within Pathway Capital Management’s portfolio.
More than one-third of investors expect private market returns to be about the same as the previous 12- to 18-month period, a new survey finds.
The university approved a recommendation to revise its asset allocation, increasing its target to international equity, at its March meeting.
The state selected the incumbent consultant to continue advising its 529 plan and other funds following an RFP process from last year.
