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The plan intends to invest $4.8 billion in a passively managed broad-based market index fund.
The plan approved a private debt commitment for pacing purposes at its board meeting today.
The fund will continue the New York-based firm’s strategy of investing in proven franchises generating $50 million to $750 million of revenue.
The current CEO will stay on as executive chair of the board.
The $440 billion California Public Employees’ Retirement System has named Simiso Nzima as managing investment director of global equity.
The city has retained Hyas Group on behalf of its deferred compensation plans.
A Northeastern transportation authority is searching for a firm to oversee its liquid assets.
The two positions were combined following a search committee meeting in July.
