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A deferred compensation plan in the Rocky Mountain region terminated its domestic small-cap value equity manager this week due to underperformance.
The plan is looking for a manager to implement a cash flow driven investing program.
The commitments totaled $160 million, including with two new managers.
The plan committed $200 million to a fund-of-one primarily investing in regulatory capital relief transactions.
The plan invested in private debt for the first time.
The new hire joined the plan from NEPC, where he was a research consultant.
The plan made a commitment to an existing infrastructure manager.
One partner runs the firm’s internship program and the other sources, underwrites and acquires real assets.
He will be responsible for sourcing and executing real estate acquisition opportunities across Europe.
Jase Auby is responsible for one of the largest pension funds in the world.
