U.S. public pension plans have successfully navigated market turmoil throughout the 21st century by reallocating their traditional investment portfolios and introducing new asset classes, according to new research.
The pension plan approved an up to $50 million commitment and a private credit pacing plan this week.
The pension plan approved a fiscal year 2026 asset allocation policy for three of its systems at this week’s board meeting.
The new president will be responsible for delivering investment performance and client growth to expand MetLife Investment Management.
The asset allocation changes reflect the retirement system’s progress in moving toward its current long-term policy.
Registered investment advisor CW Advisors is being sold to wealth management firm Osaic.
The pension plan recently hired three private debt managers as part of an ongoing search.
The new senior managing director will focus on the financial services sector.
The firm will manage an initial $150 million allocation for the fund.
The retirement association expects to select a manager in the fourth quarter.