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Four former partners of LSV Asset Management defeated the firm’s motion to dismiss their $100 million lawsuit.
The plan was informed of staff-delegated alternatives commitments totaling $1.5 billion at its board meeting last week.
Matthew Benkendorf, cio and head of the firm’s Quality Growth global equity investment boutique, is stepping down.
The retirement system is conducting its first real estate search in over 10 years.
The new senior managing director will focus on the financial services sector.
The pension fund approved the searches at last week’s board meeting.
The firm will manage an initial $150 million allocation for the fund.
John Lippmann has joined the diversified real estate manager as head of its U.S. real estate capital markets.
The retirement association expects to select a manager in the fourth quarter.
The plan is seeking small-cap, small- to mid-cap and large-cap managers in a search open to core, growth and value styles.