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A Texas pension plan added a follow-on private equity commitment at this week’s board meeting.
Plan made several manager changes to its equity portfolio as part of a transition conducted by its new general investment consultant.
The private equity firm has also promoted two senior associates and an assistant controller.
He will be responsible for the direct oversight of all research functions at the Chicago-based real estate investment firm.
An OPEB fund in a Midwest state has retained its incumbent investment advisor following a search initiated last year.
Lost amid the frenzy of regulations and guidance issued as part of the Dec. 27 passage of the Coronavirus Response and Relief Supplemental Appropriations Act is the fact that some of America’s most prominent schools are rejecting the funding.
The plan appears to be seeking its first passive investments in equities and bonds.
A foundation in the Midwest has named its next cio, set to begin on Feb. 1, as its previous cio is retiring.
The senior investment officer will retire after seven years with the plan.
The plan created a maiden high-yield fixed-income allocation as part of a new target asset allocation.