Defined benefit (DB) pension scheme sponsors should work with trustees to review and set long-term pension funding and investment strategies in an effort to ensure that the pensions journey is aligned with wider business needs, LCP has said.
The fund closed with $1.95 billion raised.
The previous co-head left the firm in March.
He retains existing responsibilities as president, cio and senior portfolio manager.
The integreation bolsters BNPP AM’s private debt and real assets investment division.
She will retain existing portfolio management and global equities responsibilities.
He will help co-manage the GSF European equity fund.
The decline is driven in part by a continued shift towards passive management.
He left the investment consulting firm on Jan. 14.
A Southeastern plan is searching for a firm to manage its capital reserve fund.