Extensive and timely coverage of the institutional industry.
The plan hired one firm to handle both general investment and alternatives consulting services.
The authority is seeking an investment consultant for its pension plan.
The acquisition will close on Jan. 1.
The plan has concluded its search for global equity managers with two hires.
The fund will identify and pursue private credit opportunities in the U.S. and Canada.
She joins BlackRock from Jennison Associates.
She will provide solutions for existing investors, develop new limited partner relationships and execute on communications initiatives.
Commitment represents a new relationship for the plan.
Funding for the new investments will come from the plan’s existing high-yield mandate.
Public pensions in Pennsylvania have a transparency problem. Though the public retirement systems pay performance-based fees to investment managers, these fees aren’t reported or publicly available.