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Plan finalized a $46 million venture capital commitment on Friday.
A Rocky Mountain-based pension plan has hired five hedge fund managers following the termination of its sole hedge fund-of-funds manager.
He retains existing responsibilities as president, cio and senior portfolio manager.
The integreation bolsters BNPP AM’s private debt and real assets investment division.
The plan officially issued its RFP seeking investment and custodial services after putting a previous search for the services on hold in 2021.
She will retain existing portfolio management and global equities responsibilities.
The plan is looking to invest up to $30 million in either a single strategy manager or an emerging manager-of-managers.
Authority is seeking a financial advisor on behalf of its three defined contribution plans.
The decline is driven in part by a continued shift towards passive management.