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The transaction is expected to close next quarter.
The hire follows the termination of an incumbent global fixed-income manager last year.
A fund in the South revised its investment policy statement to allow staff to internally invest a portion of its fixed-income allocation in BB-rated securities at a meeting last month.
A plan based in the South is searching for firms to manage an international equity portfolio.
A foundation based in a Southern state is growing its impact fund.
A university based in New England is reinvesting a portion of its overall investment portfolio currently invested in carbon-intensive companies.
A fund based in the West received a global equity portfolio structure analysis from its general investment consultant last month.
A foundation in the Northeast has hired a new cio to oversee its more than billion-dollar portfolio.
The cio of a health system in the West retired last month after almost 28 years with the institution.