Daily Feed
The Securities & Exchange Commission has settled charges against Western Asset Management.
The private credit and impact investment firm added an associate director to its investment team in April.
The RFP was approved at yesterday’s board meeting to increase the plan’s commitment to private core real estate and to non-core real estate.
The retirement system agreed to part ways with an active manager that had been on watch due to lagging performance.
The investment analyst will join the retirement system next month.
The search will be conducted to replace domestic large-cap value equity manager Hamlin Capital Management, which was terminated last month.
The school district is seeking a firm to provide the services for its approximately $3 billion portfolio.
The pension plan disclosed $575 million in private equity and private credit commitments at yesterday’s board meeting.
The retirement system added a new investment analyst from the Sunshine State.
The city is conducting a review of available services and currently utilizes PFM Asset Management.
