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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.
A water authority in the Southeast has issued an RFP seeking investment advisory services.
A city in California is seeking firms to provide investment management services for its investment portfolio.
NASHVILLE — In a state where many in the Republican-dominated government, including Gov. Bill Lee, oppose legalizing even medical marijuana, it turns out that Tennessee’s massive $52 billion retirement system stands to benefit from an investment it has in the soaring pot industry.
The Los Angeles County Employees Retirement Association will recommend revisions to its education and travel policy following concerns raised by an internal audit report.
Alan Bartlett will join Franklin Templeton Investments as cio of Templeton Global Equity Group (TGEG), effective Oct. 1.