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A West Coast pension plan approved a real estate pacing plan at its board meeting yesterday.
Institutions should take a fresh look at financial and investment strategies to address challenges to their business models and maintain optimal asset allocations to meet a 7.5% historical return target, particularly in the face of a long-term era of muted returns, according to a recent study.
Their responsibilities will be assumed by other team members, a spokeswoman said.
A Mid-Atlantic power plan is searching for firms to advise on its OPEB trust, 401(k) and 457 plans, debt issuance and treasury investment portfolio.
The plan’s director of fixed-income and alternatives will become cio in May.
He will help manage the firm’s flagship fund focused on enterprise software, data and technology.
A Virginia-based pension plan approved two commitments at its board meeting yesterday.
Plan added a fixed-income manager to its watch list today and has scheduled a presentation from an underperforming equity manager for next month.
The investment officer retired after 15 years with the plan.
The plan has been drafting an investment consultant RFP “to see what else is out there.”