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The new hires include a principal, two v.p.s and a director.

The plan selected three firms to handle its opportunistic fixed-income mandate following a search.

The plan’s incumbent is on watch for underperformance.

The plan approved two private equity commitments at a meeting yesterday.

Maryland’s pension fund generated a record 26.7% return, net of fees. In the prior fiscal year, the fund returned 3.57%, net of fees.

Managers looking to target $1 billion-plus institutions need to understand the role that they would play in enhancing the larger portfolios and find ways to add value to them as one of many firms working with the institution, according to a new report from a human behavior and analytics firm.