Daily Feed
The oversubscribed fund raised over $1 billion of investment capital from a range of global institutional investors.
The retirement system terminated its sole public diversified real assets manager last month.
The retirement system is looking to expand its investment staff through the additions of a private equity director and investment analyst.
The retirement system is seeking a firm to handle between $10 million and $15 million.
The deal “will create one of the largest active global asset management firms.”
The retirement system fully redeemed its investment in the manager due to underperformance.
The retirement system hired a firm this week after interviewing three finalists.
The pension fund’s investment consultant has downgraded the manager amid management changes.
An investment advisory firm serving several nonprofit clients has agreed to merge with a wealth management firm.
The specialized investment manager has added the former chief investment strategist at two of the top 15 global asset owners as a senior advisor to support investment and portfolio construction efforts.