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The credit manager completed its acquisition of the systematic fixed-income manager after acquiring a minority stake in the firm in 2023 that gave the firm the option to acquire control over a multi-year term.
The issuance of an intent to award notice is slated for May 1.
The auto-IRA retirement savings program is expected to fully launch in 2027.
The merger is expected to close at the end of the first quarter.
The city awarded a contract to an investment advisor last year after issuing an RFP for the services in July.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
The pension board will also target $1 billion to non-traditional equity strategies.
MPowered Capital’s investment in A1A Investment Partners is part of its GP Structured Partnership seeding strategy.
Outsourced cios can use their expertise to both execute and advise institutions in a quick and efficient manner in today’s complex investment environment, industry professionals find.
The commitments were made this year under delegated authority.
