Daily Feed
The retirement fund added $249 million in new commitment at last week’s board meeting.
The fundraise exceeded the firm’s $4.25 billion target.
Victory Capital has submitted a bid to acquire Janus Henderson Group that is of “meaningfully higher value” than the firm’s pending deal with Trian Fund Management and General Catalyst Group Management.
The plan also hired two global equity managers at a meeting this week.
New York Life has launched New York Life Investment Management as the unified global brand for its asset management businesses across public and private markets.
The retirement plan will consider the termination of three equity managers amid a restructuring of its public equity portfolio next week.
The search is open to primary and secondary options.
The retirement fund disclosed seven commitments totaling roughly $1.4 billion in December.
The plans received four submissions in response to an RFQ.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
