Daily Feed
He will coordinate consultant activity worldwide for Putnam’s institutional business.
Plans add emerging markets equity and international small-cap investments for diversification purposes.
Plan filled an investment officer position vacated earlier this year.
The plan will issue an RFP in the spring for domestic small-cap equity managers.
The plan will issue RFPs early next year for emerging markets equity and index managers.
The plan will hire five emerging managers-of-managers to oversee $1 billion.
The plan has one incumbent manager that has underperformed relative to its benchmark.
The plan will also create a 5% private debt target as part of a new asset allocation.
The plan also made two private markets hires earlier this year.
The plan will see both its cio and cfo retire in 2022.