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The firm will manage a total of $70 billion between the two corporate plans.
The plan concluded its global equity manager search with a replacement for one existing firm.
An investor consortium led by B Capital and including the $625.7 billion California Public Employees’ Retirement System has agreed to acquire Russell Investments.
The plan will fund a new passive manager by redeeming an active one within its international equity portfolio.
The retirement system recently replaced its domestic large-cap value equity manager due to underperformance.
The pension plan also redeemed an alternatives manager at a board meeting today.
The Midwest state’s $15.1 billion treasurer’s office is seeking investment management and consulting services.
San Jose Federated City Employees Retirement System Investment Committee Chair Anurag Chandra joins host Angelo Calvello, Ph.D. to discuss the three-ring fiduciary framework his board built to govern AI adoption, treating AI as “a brilliant analyst who’s never allowed to vote.”
The plan interviewed two finalists in its third-party administrator search.
City is seeking a firm to manage part of its $67.2 million investment portfolio.