He will oversee the day-to-day business across the firm.
A Midwestern state plan will consider eliminating its global equity allocation at a future meeting.
The team will be responsible for bringing access to the broad private placement marketplace.
He is responsible for developing Fidelity’s private asset capabilities globally.
The plan added two private equity commitments and announced the departure of an assistant senior investment officer for real estate at its board meeting yesterday.
The current CIO is joining Jupiter Asset Management next year.
His co-managers will continue to oversee his two funds.
He will focus on developing relationships with institutional investors and advisory partners.
An executive search firm will help find a successor.
A Pennsylvania plan’s cio and executive director have announced upcoming retirements.