ICG has appointed David Saitowitz as head of U.S. liquid credit.
The asset allocation changes resulted in several manager hires and terminations at the retirement system’s November meeting.
The fund closed at its hard cap of $2.15 billion.
The new investment analyst joins from the state treasurer’s office.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
Somerset had been in advanced talks to transfer its top performing funds to a new investment advisor.
The plan’s cio departed less than seven months after joining in the role.
Global professional services firm Aon has agreed to acquire NFP Retirement.
The firm promoted its chief marketing officer to take over the ceo role.