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The plan, which eliminated target allocations and terminated a manager within its stable value fixed-income option today, will see its executive director depart on Dec. 2.
The plan’s general investment consultant will review an index search as well as potential active manager candidates at a meeting next month.
He will identify growth opportunities in the market and strengthen the firm’s positioning.
They will serve as chief talent officer and a senior investment team member, respectively.
He will focus on scaling and strengthening Vision Ridge’s asset management and governance capabilities.
But Fitch says an immediate U.S. panic is “unlikely.”
U.S. dollar-denominated private equity funds may be in a position to make outsized returns as other currencies depreciate.
New York City Comptroller Brad Lander unveiled today a new interactive website that allows pension beneficiaries and the public to view asset allocation and performance for the City’s five public pension funds which guarantee retirement security for city workers.
Missouri state treasurer Scott Fitzpatrick announced Tuesday that the state employees pension fund had pulled all its equity holdings managed by BlackRock Inc.