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The pressures of the Covid-19 pandemic are pushing investors to become more interested in need-based product types, such as assisted living and memory care communities.
Right now, the investment head can’t earn a salary above the governor’s $167,000, half what the chief could make elsewhere.
But the pandemic has not slowed down pension buyout activity.
Allyson Tucker was appointed as the $145 billion Washington State Investment Board’s cio in November 2019 and has served in the position since Jan. 1.
Acquisition will expand Mission Wealth’s presence in the Midwest.
A Southwestern pension plan added a credit analyst last month from a defined benefit plan in the same state.
A Great Lakes pension plan made an $8 million real estate commitment with a new firm at this week’s board meeting.
A Virginia-based pension plan approved one hedge fund commitment and the termination of a second at this week’s board meeting.
A California pension plan approved the hire of a new international equity manager at a board meeting today to replace a terminated firm.
He will be replaced by two senior portfolio managers from his team.