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The pension plan ended the employment agreement of its executive director, who had been on paid administrative leave since November.
The team added two new team members from Nuveen and a third from Lord Abbett & Co.
The firm’s new head of U.S. research will join next quarter.
The contract will run for three years with the option to extend for two one-year terms.
The company has selected a panel of firms to manage its investment grade fixed-income portfolios.
The pension plan has eliminated three asset classes as part of a newly approved asset allocation policy.
The retirement board has approved a fiscal year 2025 real assets investment plan that discontinued its search for two new open-end core real estate managers.
The plan approved the search following a quarterly performance review.
She directs the creations, education and accompanying support of AAM’s expanding alternative product offerings.