Extensive and timely coverage of the institutional industry.
The search is a result of a new asset allocation.
The retirement system could not come to an agreement with its previously hired manager.
Global credit investment manager Marathon Asset Management has expanded the leadership of its emerging market debt and U.S. opportunistic credit businesses.
The pension plan agreed to consider replacing its domestic large-cap core equity manager due to underperformance and a recent personnel change.
The plan approved an asset allocation in March that introduced new targets to international small-cap equity and infrastructure.
The plan’s current manager was first hired in 2017.
The transit system is seeking the services on behalf of its 457(b) and 401(a) plans.
The fund closed with $555 million in capital from both new and existing limited partners.
The search is open to both equity and debt strategies.
The plan is looking to invest $7 million with value-add real estate funds.