Extensive and timely coverage of the institutional industry.
The new semi-liquid multi-sector manager will handle a roughly $250 million mandate for the plan.
She will assume a COO role at T. Rowe Price following her predecessor’s exit last year.
Plan added a pair of direct lending commitments totaling $250 million and a $76.4 million European real estate commitment.
The treasurer has decided to stick with its incumbent investment consultant to oversee its cash pool.
The plan committed $15 million each to new funds from existing managers.
The plan’s current executive director is leaving to join Walmart.
The changes include a new head of strategy and a new treasurer.
The current CEO is retiring in June.
As hedge fund assets rise and performance rebounds, prime brokers can be a critical part of the industry’s growth.
Many Cleveland-based institutional investors have invested with local fund managers, driving a double-bottom line of investment growth and local company growth.