The pension fund added an active manager to complement index fund manager RhumbLine Advisers.
The transaction is expected to close in early 2021.
Consultants’ lack of diversity may dampen future returns, according to a survey.
A Great Lakes plan hired a new international value equity manager to replace a firm on watch this week.
The search is open to funds that invest in diverse-owned firms.
A Northeastern pension plan issued an investment consultant RFP this week.
System is seeking a new executive director to head the administration and management of the plan.
He will represent the funds in private bank, trust and other institutional channels.
The fund plans to have a carbon-neutral portfolio by 2040.
The new v.p.s and associates will be based in New York or Los Angeles.