The plan’s new cio left the North Dakota plan in June.
The $696 million transaction closed this quarter.
A New Mexico plan has appointed its next executive director effective Jan. 10.
The firm has also appointed two new co-cios.
The new fund will focus on opportunistic U.S. real estate.
The two will leave the firm on June 30.
All three ETFs are sub-advised by Newton Investment Management.
The Murphy administration and the Legislature must stop crossing their fingers that the pension funding crisis will grow itself out of the problem.
The possibility of change is in the air as an acting investment chief takes over. Meanwhile, two federal probes grind on, and four other reports are coming that may shed light on PSERS investments.
Alternative investments can be an efficient way to hedge a portfolio against current market uncertainties.