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The plan approved four private equity and real estate commitments at today’s board meeting.
Plan added real estate and real assets commitments totaling $60 million this week.
The transaction received shareholder approval on Aug. 3.
They will build out Advent’s consumer technology practice.
Plan’s new domestic mid-cap value equity manager will handle a 2.5% allocation.
He joins the wealth management firm from Russell Investments.
One factor hindering ESG’s adoption is the lack of ESG-focused target-date funds, though several firms are starting to introduce them.
The dual outcomes of saving the world and generating excess returns has been made harder to deliver because of ESG scoring in emerging markets a senior Aegon portfolio manager has said.
The transaction is expected to close in the first quarter of 2023.
The commission has concluded that a confluence of events involving several parties resulted in the theft of $3.5 million from the retirement system.