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A state pension fund in the Northeast has posted its RFP seeking best in class passive managers.
Chicago-based Heard Capital has appointed a head of investor relations and product strategy.
A city in Florida made a hire in its search for a record keeper and service provider for its deferred compensation and defined contribution assets.
A pension fund in New England has concluded its GTAA manager search by retaining its incumbent.
A deferred compensation plan in the Southeast has issued an RFP seeking a bundled services provider.
Richard O’Hara joined investment management boutique Hilton Capital Management as director of Taft-Hartley and public funds on July 1.
Bob Strachan has joined Principal Global Investors as a managing director for global consultant relations.
Traditional strategies helped lead to continued positive investment returns for institutional plan sponsors last quarter following a rebound in the first quarter of 2019, according to newly-released Northern Trust Universe data.
Baltimore, MD (July 31, 2019) — The Board of Trustees of the Maryland State Retirement and Pension System today announced that its portfolio returned 6.46% percent, net of fees, on investments for the fiscal year that ended June 30, 2019—falling short of the System’s 7.45% assumed actuarial return rate. The fund’s performance raised the system’s assets to $54.2 billion, an increase of $2.4 billion over last year.
Deb Boyden joined Schroders as head of U.S. defined contribution on July 22.