Daily Feed
The firm recently expanded its leadership team with the appointments of two managing directors of institutional services.
The commitments include three new relationships for the plan.
As U.S. professionally managed assets declined in 2022, Cerulli Associates’ latest report found a temporary trend reversal where institutional channel assets gained a slight edge over retail.
The plan replaced its domestic mid-cap growth equity manager due to underperformance.
The plan made several commitments in alternatives asset classes in November and December.
The hire concludes a search that was launched in August.
The fund is now more than 40% committed.
Firm has appointed David Eisenreich as North American head of retirement.
Plans hired a firm for the services following a search conducted in 2016.
The plan went with the incumbent manager in its domestic small-cap value equity search.
