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The retirement system added three team members, including two managing directors, to its staff.
The retirement fund returns to a previous general investment consultant relationship after changing firms following a similar search process conducted in 2019.
Inclusion of more venture capital funds, which often have lower GP commitments, likely led to the drop.
The retirement fund is conducting the search after working with its incumbent “for decades.”
The plan previously rehired its incumbent for the services following a similar search in 2019.
The consultant will provide advice related to investment policies and asset allocation.
Ninety One has named Sangeeth Sewnath as managing director for the Americas.
The new deputy cio joins from a Midwest state plan.
The search will be opened to high-yield corporate debt, leveraged loans, securitized credit and convertible bond strategies.
The pension plan committed $200 million to real assets and real estate funds last week.