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New Jersey’s public worker pension fund has lost more than $6 billion in market value so far this year.
A pension fund that covers over 12,500 Milwaukee-area public employees, retirees and their survivors disclosed Wednesday it received $140.4 million as the settlement of a lawsuit alleging fraud by investment firm Allianz Global Investors.
The hire concludes a search launched in April to fill a maiden allocation.
The institution has hired two portfolio managers and promoted a senior investment analyst to portfolio manager to help manage its endowment.
The firm named its head of impact and a principal on its investor services team as partners effective July 1.
The 529 plan added a domestic large-cap growth equity strategy to its watchlist last month because of underperformance compared to its benchmark for the quarter, one-, three- and five-year periods ending March 31.
The cio will serve on the investment committee alongside three other members tasked with ensuring the ethical nature of the Holy See’s equity investments.
The college appointed three new members to its board of trustees on July 1 with two of the new members serving on its investment committee.
The senior director of investments left to join Mercer as its U.S. not-for-profit cio to lead strategic asset allocation, dynamic asset allocation and portfolio construction for clients.
Community foundations are increasingly hiring or considering hiring diverse managers for their portfolios, according to a recent survey.