The Korea Investment Corporation has taken a stake in direct lending credit manager Golub Capital, the sovereign wealth fund announced.
The firm added the former investment officer of a West Coast pension plan this month.
Plan’s investment committee selected one core fixed-income manager and one core-plus bond manager at today’s meeting.
Jay Yoder will retire at the end of the month.
The termination resulted from a public equity structure review presented by its general investment consultant on Wednesday.
The plan moved a portion of its mid-cap value assets to the new small- to mid-cap value manager.
Plan last conducted a search for the services in 2017.
New cio joins from a fellow Chicago-based consulting firm.
Plan added three commitments totaling $310 million at this week’s board meeting.
Ronald Temple has been named chief market strategist at Lazard, the firm announced today.