A Southern pension plan approved the addition of a second real estate manager and is slated to increase its target to the asset class to accommodate it.
Foundations continue to shy away from alternative asset classes and have reduced spending in light of lower expected returns, according to a recent study from an investment consulting firm.
The collective unfunded pension tab for more than 600 downstate and suburban Illinois public safety funds grew by $1 billion to $11 billion, with the funded ratio recording its first decline since 2010, according to the latest figures submitted by the funds.
Rockefeller Capital Management is adding two senior advisors to advise the firm on creating long-term strategic solutions for clients, institutions and communities.