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U.S. pensions’ allocations to Russian assets are limited, but plans are responding to the conflict by considering their long-term approach.
Plan’s hedge fund committee considered terminating a hedge fund manager and adding two commitments last week.
BDC Capital is ramping up efforts to bring in institutional investors as partners.
Germany’s Allianz said on Wednesday it would set aside another $2 billion as it braces for the outcome of U.S. regulatory investigations into a multibillion-dollar trading debacle at its funds arm.
Funds that manage retirement savings for teachers, firefighters and other public workers returned a median minus 4.01% in the first quarter.
The plan had issued an RFP for single strategy and emerging managers-of-managers to complement or replace the incumbent in January.
The plans’ incumbent was most recently rehired in 2017.
Plan retained its incumbent consultant over proposals from four other firms.
Plan’s new asset allocation policy will introduce a 10% target to domestic small-cap equity.
Agency is searching for a firm to help manage its $270 million portfolio.