Daily Feed
Alternative investment firm King Street Capital Management has hired William McGirr as a managing director on the marketing and investor relations team.
The manager will handle a new 3% long Treasury target allocation.
The executive director has been on a leave of absence since March 8.
The county is searching for a firm to provide investment advisor and management services.
PGIM announced today its intention to acquire a majority stake in the credit firm as well as its affiliates.
The search stems from the addition of a new 5% target to the asset class established earlier this year.
The plan is looking to create a pool of consultants to advise its investment office across all asset classes.
The plan added two core-plus fixed-income managers to the portfolio and made 11 alternatives commitments in the first quarter.
A new manager research consultant joined the firm last month.
The plan last conducted an investment consultant search in 2019.