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Manning & Napier Advisors today announced that the firm will go private and be acquired by asset management platform Callodine Group.
Plan made a $2.5 million value-add real estate commitment to Angelo Gordon last month.
Search is for one firm to provide investment management services for city’s three retirement plans.
Plan made real estate commitments to two incumbent managers.
The plan committed $50 million to a fund focusing on U.S. industrial warehouse opportunities.
The previous CEO has assumed a global position as Chief Risk Officer.
He will develop, maintain and deepen relationships with national firms.
They will focus on value-added infrastructure investment.
Two portfolio managers from Newton Investment Management have been hired as successors.
The town is looking to consolidate its record keeping services to one firm.
