The acquisition expands SageView’s presence on the East Coast by acquiring a mid-Atlantic based independent registered investment advisor that provides retirement plan consulting services to over 90 institutions and has more than $400 million in assets under advisement.
The association for municipal pensions has hired its first-ever cio to lead the investment strategy and portfolio management for its public employee retirement program.
The fund expects to receive a recommendation to commit $120 million to a new infrastructure manager at this week’s board meeting as it’s underweight its target to the asset class.
The firm has appointed a managing director for the Middle East to help grow and expand its business in a region where it has also opened an office in an international financial center.
The institution is looking to improve its cash flow management, optimize liquidity and establish a robust treasury management system to enhance its financial stability and maximize investment returns.