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The plan approved a new asset allocation for its Core Trust Fund last week.
He will help manage the firm’s convertible bond products and develop new products.
On Monday, Tennessee Attorney General Jonathan Skrmetti filed the first-of-its-kind consumer protection lawsuit against the world’s largest asset manager, BlackRock Inc. Tennessee’s complaint alleges that Blackrock made false or misleading representations to current and potential Tennessee consumers about the extent to which Environmental, Social, and Governance (ESG) considerations affect BlackRock’s investment strategies,
The pension fund hired international small-cap core, growth and value managers to conclude a search initiated earlier this year.
The pension plan is considering adding a domestic core fixed-income manager to its lineup and expects to select a new executive director next month.
The transaction is expected to close by year-end.
The fund has deployed approximately 39% of its commitments across seven platform acquisitions.
The city is seeking record keeping services on behalf of its deferred compensation plan.
The plan committed $25 million to an existing fund-of-funds relationship in November.