News
Extensive and timely coverage of the institutional industry.
The hire concludes an RFP process that began in May.
The pension fund is seeking U.S. residential real estate managers to handle at least $50 million.
The newly appointed cio has been with the firm for 19 years and also serves as cfo, a partner and a member of its investment committee.
The partnership will further deepen Legal & General’s private markets capabilities in the U.S. as well as address investor demand for real estate equity exposure.
The plan adopted a new target to private equity earlier this year.
The retirement system authorized its cio to terminate several public markets investments last month.
The searches result from a new domestic equity structure.
The duo will be responsible for driving the strategic direction and commercial success of the institutional business in the region.
The plan also removed a manager from the watch list.
The firm has closed its eleventh fund at its hard cap of $4.5 billion.