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The deferred compensation plan hired a new domestic large-cap core equity manager last week.
Steven Meier joins the firm after serving as cio of the New York City Retirement Systems.
A shifting institutional landscape is forcing asset managers to adjust their distribution tactics, according to Cerulli Associates’ most recent report.
The retirement board also placed one of its private equity fund-of-funds managers on watch this week.
The pension fund approved a non-core infrastructure commitment at an investment meeting this week.
The retirement system hired five managers as part of a newly approved asset allocation yesterday.
The pension plan approved private equity commitments totaling $2.5 million in the third quarter.
Wealth and asset management firms are advancing in AI, which a new global study finds will revolutionize the sectors and transform how they operate, serve clients and generate value.
The manager had been on watch since last December due to underperformance.
The plan discussed the RFP at its emerging manager subcommittee last month.