Industry News
The plan named its next executive director from within its executive staff.
The position will help oversee the retirement system’s more than $3.5 billion diversifying and fixed-income portfolio.
The plan’s former deputy cio recently moved into the cio seat.
Sean Ruhmann has joined Intercontinental Real Estate Corporation as coo, with the expectation of growing into the president role over time.
The associate will support the firm’s private markets investment platform.
The pension plan’s deputy cio will also retire next month after a decade in the role.
The firm has closed its largest co-investment program to date.
A new fractional cio firm, started by a former managing director of investments at a West Coast nonprofit, provides small and mid-sized nonprofits with a flexible consultancy model to build and institutionalize their investment management capacities.
The independent, fee-only registered investment adviser has launched a dedicated institutional advisory and outsourced cio practice focused on foundations, endowments and nonprofit organizations.
The firm hired an investment consultant on its endowments and foundations team in July to advise on investment objectives, investment policy, asset allocation and manager selection.
