Daily Feed
A Midwestern employees pension plan concluded the first phase of an ongoing search with the hire of two multi-strategy and two mezzanine opportunistic credit managers at today’s board meeting.
Plan added a $20 million private equity commitment at its board meeting Thursday.
They will establish and lead a new team responsible for global sustainable fixed-income strategies.
A new lead manager has been appointed on two of their strategies.
The plan will seek domestic and international equity managers beginning next week.
The plan will target co-investments, growth equity and special situations.
Russell’s first quarter survey of 50 bond and currency managers showed that 57% foresee a return to pre-pandemic levels of economic activity next year, with 42% expecting this to happen in the first half of the year.
A Pacific island plan is searching for a firm to manage its portfolio, review investment policy and conduct due diligence on managers.
The plan will move the assets into international equity and emerging markets equity.
Plan will finalize three private equity commitments and a real estate commitment this week.
