Daily Feed
Plan will hear potential options related to its international large-cap value mandate due to the underperformance of its current manager.
The plan approved an amendment at today’s meeting that will see its contract with an existing manager terminated later this year.
He will oversee client engagement efforts and fundraising, a spokesperson said.
Plan approved two new fixed-income investments as part of an overall portfolio transition.
He will partner with financial advisors to promote Needham’s suite of growth mutual funds for allocation in client portfolios, the firm said.
The plan’s investment committee will recommend the hire of a domestic mid-cap growth equity manager at a meeting this week.
An East Coast transportation authority concluded its search for pension fund investment and trustee services at a board meeting this month.
Infrastructure represents a new asset class while the high-yield search is due to procurement rules.
The appointments follow the death of Executive Director and CIO David Villa.
The plan approved two commitments at a meeting today as part of its private markets pacing plan.
