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Persistently low yields are bad news for those trying to garner income to pay their retirees.
“We did have investment dollars there,” DiNapoli said.
RI public-employees pension fund “reached an all-time high” with $9.5 billion in assets at end of 2020.
The plan’s discretionary private credit advisor will look to commit $500 million annually to private credit.
The promotions include a new managing director, a director, a v.p., a manager and a fund controller.
The plan made commitments of $10 million each in private credit and multi-family housing at its meeting today.
Plan intends to approve an RFP for a index fund provider next month and terminated a global tactical asset allocation mandate at today’s meeting.
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.