Industry News
Josh Pack, co-ceo and managing partner of Fortress Investment Group, has died.
Niraj Agarwal joined the firm this month to build out its private real assets efforts.
The firm will join EP Wealth’s existing minority partner in a deal closing next month.
The new hires include a managing director of portfolio operations, v.p. of investments and assistant controller.
The new cio previously served as senior v.p. of fixed-income investments at the firm.
Archer serves as v.p. and cfo at the Lumina Foundation and directs the investment strategies for its approximately $1.4 billion endowment.
The new hire previously served as senior manager of investments at the $2.5 billion Montgomery County (Md.) Public Schools Pension & Retirement Plan.
The investment board was informed that two of its client funds have adopted a new asset allocation policy at today’s meeting.
The current executive director has worked at the fund for 27 years.
The oversubscribed fund achieved its hard cap of 300 million.