Daily Feed
The world’s top 300 pension funds have marked their fastest annual growth in eight years.
The defined contribution plans terminated their underperforming balanced manager last month.
The plan added an investment officer to its $3.6 billion real assets portfolio.
The search comes after the plan placed its incumbent manager on watch.
The emerging markets equity manager had been placed on watch for performance reasons over the summer.
The plan is seeking firms without geographic barriers following an asset class restructuring earlier this year.
On this episode of Against Consensus, host Angelo Calvello, PhD, sits down with Luke Hinshelwood, managing partner of placement agent firm Middlemark Partners, to discuss capital raising in the alternatives space.
The retirement system also made a follow-on private equity commitment today.
The authority expects to issue an award notice in January.
The plan’s board had been in a protracted search that had initially seen Verus hired over incumbent Callan and then the search restarted.
