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The firm will oversee the city’s treasury investment funds.
The plan may conduct a search to replace its current underperforming hedge fund-of-funds.
The plan is set to commit $20 million annual over the next five years.
Texas state governmental agencies appear to be continuing external manager relationships with BlackRock while being forced to divest direct holdings exposure to the firm as it is included in Comptroller Glenn Hegar’s initial list of financial companies that boycott energy companies.
Alternatives investment consultant Aksia has added two professionals to its global private credit team.
The university approved a private credit commitment within its endowment last month that appears to represent a new relationship.
The college is pursuing an outsourced cio model as its cio is set to leave after almost a decade in the role.
The investment advisory firm has purchased a women-led wealth management firm based in the Midwest.
The firm hired a head of ESG to develop an ESG strategy and standardize and enhance its ESG strategies.
The Midwest-based firm has promoted three principals to managing director and two directors to principals, while hiring a new principal to deploy a strategy that aims to partner with management leaders in sectors to identify, acquire and build market-leading companies.