Two investment firms partner with asset manager.
The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
Additions will expand its investment capabilities into U.S., international and emerging markets equities.
The plan is looking to build out its 10% target to the asset class.
The plan opted to hire one firm to manage a domestic small-cap allocation and another for international small-cap.
The plan selected a winner today following interviews with three finalists.
The five-member team began on Dec. 11.
A team member will assume her responsibilities until a replacement is found.
A Mid-Atlantic utilities plan is searching for a financial advisor and portfolio manager for its $75 million portfolio.
A Southern city is seeking investment advisory and consulting services on behalf of its two deferred compensation plans.