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A Midwestern pension plan liquidated its sole Master Limited Partnerships mandate at an investment committee meeting yesterday.
The plan hired a new outsourced cio for its entire portfolio.
Plan is seeking its next cio to oversee its $41 billion portfolio.
The plan made two private debt hires for pacing purposes this week.
Plan added a floating rate public debt target as part of asset allocation changes approved at this month’s board meeting.
Plan approved an initial $14 million commitment to fill its maiden value-add real estate allocation.
The borough is seeking a firm to provide investment management services for its pension funds.
The hire is part of the asset management business’ separation from the international wealth management division.
They will assume their new responsibilities at the end of May.
