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Extensive and timely coverage of the institutional industry.
The state’s treasury department is seeking two firms to provide record keeping, administrative and communication services as well as custodial and investment advisory services as it looks to reduce its current fee structure.
The retirement system approved real estate and real assets commitments at a board meeting last week.
The fund concluded a recent RFP with three private equity commitments totaling $50 million.
He has served in the role since 2017 and handles the administration functions of the plan.
The district’s finance and administration committee opted to leave a decision up to the full board following discussion at a recent meeting.
Plan staff intends to bring minimum qualifications in its domestic small-cap value equity manager search to the board next month.
The city also recently consolidated its record keeping services with one firm.
The incumbent manager is currently on watch for performance reasons.
The real estate private equity arm of Kayne Anderson Capital Advisors closed its largest opportunistic equity fund to date.
Corbin Capital Partners has hired Ross Ramatici and Patrick Melton as directors of institutional sales.