Daily Feed
The plan’s board is slated to approve Wilshire as its new general investment consultant this week.
The addition of Angelo Gordon will make a “significant expansion” into credit investing for TPG.
FIN Searches data finds the fixed-income space saw a hike in activity during the first quarter, which the industry believes can be attributed in part to the high interest rate environment.
The borough is seeking the services for its two pension plans totaling roughly $11.5 million.
The bill will now advance to the Ohio House of Representatives.
The plan added two commitments totaling up to $80 million in the first quarter.
The plan made commitments totaling up to $321.4 million this week and was informed of a private equity co-investment.
The plan’s private equity committee received three investment recommendations last week and made two commitments in March.
The commitment appears to represent a new relationship for the plan.
The plan will issue its RFP for multi-sector fixed-income managers later this month.