The Wellington Climate Innovation Fund closed with $385 million in commitments.
The new active core mandate will replace the pension’s passive bond allocation.
Firm’s business development team now stands at four members.
The system is seeking investment consulting services across investment practices and performance as well as general investment and alternatives asset classes.
Firm has added its second managing director from Magnolia Capital.
The water district conducted a similar search process for the services on behalf of its short-term liquidity portfolio in 2019.
The manager hired a new senior v.p., portfolio manager and senior research analyst in support of its global and international strategies.
The retirement plan committed $20 million to a fund after narrowing a search from a group of 20 RFP responses.
Pension fund staff will conduct further review the universe of active emerging markets ex-China funds as part of an expected search request later this year after the board agreed to divest its current passive allocation to the asset class from the country.
The retirement fund is seeking managers to handle between $150 million and $350 million.