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The fund seeks unique direct co-investment and secondary investment opportunities.
District is searching for a firm to oversee $566 million in cash and investments.
Derrick Dagnan joined the $2.8 billion Fort Worth (Texas) Employees’ Retirement Fund in 2020 following a tenure at the $70.6 billion Tennessee Consolidated Retirement System that included his last role as deputy cio. He took the time to answer 5 Questions with FIN News.
The plan is seeking complementary core and core-plus fixed-income managers to split its bond portfolio.
All three searches are being conducted due to the contract expirations of the incumbent providers.
He manages various global bond investment strategies and mandates for institutional clients.
The new manager will complement the plan’s existing emerging markets core equity mandate with Wellington Management Company.
Search comes in anticipation of its incumbent’s impending contract expiration.
Plan committed to firm’s fourth fund after previously committing to each preceding fund.
The officer was responsible for identifying innovative approaches to diversification, enhancing returns and reducing fees.