Daily Feed
Firm has made three senior hires for its North America distribution team.
The investment and operations committee approved discretionary private credit and non-core real estate partnerships at this week’s meeting.
The board was notified of a recent domestic high-yield fixed-income manager hire for two of its investment plans.
The incumbent will serve for a three-year term.
The plan hired a new emerging markets equity manager after interviewing three finalists today.
The plan recently extended the contract of its incumbent so it could conduct an RFP.
The firm has added a director of institutional client relations to support a recently hired director of institutional business development and consultant relations.
The acquisition would allow The Riverside Company to expand Townsend Group’s market position.
The search will target equity and debt strategies.
The firm’s current president will retire this week after serving in the role since 2006.
