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2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
The new investment analyst joins from the state treasurer’s office.
The plan will consider a recommendation to conduct an RFP for one to two buyout/special situations fund commitments next year.
The town has hired a new record keeper for its deferred compensation plan.
The pension plan made two private equity commitments in August for pacing purposes.
The pension plan’s hedge fund committee approved four commitments and a manager termination at its meeting in October.
The manager was placed on watch last year for underperformance.
He will leave the firm effective Feb. 28 and SEI will conduct a search internally and externally for his replacement.
The retirement system terminated an international value equity manager, which has been on watch, at a recent board meeting.
The country’s largest public defined benefit plans are shifting their allocations in favor of alternative strategies, a new study finds.