Extensive and timely coverage of the institutional industry.
Embarrassed by reports of extravagant travel by staff, the PSERS pension fund is trying to reduce those costs.
The previous winner’s hire was negated by the state agency.
The plan added a commitment with a new global infrastructure manager.
The recommendations will now be brought to the Securities and Exchange Commission for further discussion.
The plan’s consultant conducted a search last quarter due to organizational changes.
The search is due to the upcoming contract expiration of the plan’s current provider.
PFM Asset Management will continue to operate as a separate entity and PFM’s financial advisory business is not included in this acquisition and will continue to operate independently.
The transaction is expected to close by the end of the year.
The transaction is expected to close early next year.
He will develop new relationships and raise capital from institutional investors.