News
Extensive and timely coverage of the institutional industry.
The retirement fund swapped out its core fixed-income mandate with Western Asset Management at a meeting last month.
The deferred compensation plan replaced its emerging markets equity manager, which had been on watch, in the second quarter.
The pension is the latest to terminate the fixed-income manager in recent weeks.
The fund’s investment and operations committee will recommend State Street Global Advisors to handle an active emerging markets equity ex-China mandate later this month.
The firm has added a managing director and senior director to its growing North American team.
The duo will oversee Barings’ regional strategy to expand its strategic relationships with existing and prospective clients.
She joins from Winslow Asset Management, where she was co-cio and portfolio manager.
The plan has transitioned its active domestic mid-cap equity assets to a passive manager.
The firm’s latest flagship fund closes with $9.5 billion in capital commitments.
The plan also added several new equity managers to the program.