A California pension fund has hired a factor-based equity manager following a search initiated last year and also terminated three active equity managers.
A Florida-based employees retirement system will consider maiden allocations to asset classes including private equity, private credit and value-add real estate as part of an asset allocation.
A Florida pension plan has approved a new public market portfolio structure that will see the elimination of five existing active managers as part of changes aimed at reducing duplication and increasing liquidity and reduce fees.