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The investment manager will handle an initial $9 million allocation for the city.
MissionSquare Retirement currently provides administrative and record keeping services for the county’s 457 deferred compensation plan.
The firm has hired a new senior managing director and head of international real estate to spear head its plans to expand investing outside of the U.S.
The plan hired a veteran investment staffer from the Los Angeles City Employees’ Retirement System.
The low middle market buyout fund will follow the same investment strategy as the firm’s predecessor funds.
The pension plan is looking for global infrastructure managers to handle approximately $20 million after approving the search in the first quarter.
The deal would have seen Spouting Rock Asset Management acquire approximately 70% of the private market value equity firm over the course of two years.
The pension plan hired a manager to implement its maiden 7% target to domestic fixed-income as part of a new asset allocation policy in March.
The plan rehired NEPC as its general investment consultant in April following a search launched in January.