The U.S. and Israel’s joint strike against Iran over the weekend has prompted retaliation across the Middle East that sent oil prices surging, though industry experts believe the markets can absorb those levels in a short-lived conflict.
The retirement fund announced the promotion of its general counsel to the executive director role last week.
The retirement fund anticipates final selection and approval in the third quarter.
The retirement fund added $249 million in new commitment at last week’s board meeting.
The fundraise exceeded the firm’s $4.25 billion target.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
The retirement plan added $60 million in infrastructure investments at today’s board meeting.
The firm’s newest senior v.p. joins from Warburg Pincus.
The city’s two retirement systems committed $12 million apiece for pacing purposes.