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Market enthusiasm generated by the rapid development of new artificial intelligence products has may signal innovation and growth in the long term, though some of that enthusiasm may have led the markets to overvalue some public equity stocks or venture funds in the short-term, according to an outsourced cio.
The pension plan made opportunistic real estate and buyout commitments totaling $275.5 million in January.
The two investment officers will begin in their new positions next week.
The plan had been scheduled to issue the RFP for due diligence purposes.
The plan’s current small-cap core manager was first hired in 2008.
Firm has hired Michael Fox as a partner and head of strategy.
Firm closed the inaugural fund at its hard cap of $900 million.
The trust’s current investment consultant will see its contract expire this year.
Global Infrastructure Partners raised more than $2.1 billion in aggregate committed capital for its inaugural emerging markets fund.
The search is part of a scheduled review process.