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Cook County Employees looking for private infrastructure funds | Pensions & Investments
Cook County Employees' and Officers' Annuity and Benefit Fund is looking to commit up to $250 million to open-end private infrastructure funds. The $12.7 billion pension fund issued an RFP because its improved funding is allowing investment staff to "harvest more of the illiquidity premium that…
Los Angeles Fire & Police pledges $60 million to opportunistic fund | Pensions & Investments
Los Angeles Fire & Police Pensions committed up to $60 million to Oaktree Real Estate Opportunities Fund IX, according to a report of closed session actions taken by the board of the $30 billion pension fund. The opportunistic real estate fund is managed by Oaktree Capital Management. The…
Sandy City seeks investment consultant for 401(k), 457 plans | Pensions & Investments
Sandy City, Utah, is searching for an investment consultant for its 401(k) and 457 plans. The city issued an RFP because the contract with current consultant AndCo Consulting will expire soon, said Ashlee Radcliff, city purchasing agent. The firm is eligible to rebid, she said. The plans…
Smart Pension seeds low-carbon stewardship fund | Pensions & Investments
Smart Pension, London, seeded £550 million ($685 million) in the AMX-DWS Global Low Carbon Stewardship Fund, a partnership among four financial services firms. The defined contribution master trust supported AMX — an investment exchange platform owned by Carne Group — and money manager DWS Group…
Baltimore City Fire & Police Employees commits $55 million to alts | Pensions & Investments
Baltimore City Fire & Police Employees' Retirement System approved three new commitments totaling $55 million. The $3.2 billion pension fund's board approved commitments of $25 million to Grain Communications Opportunity Fund IV, a communications infrastructure fund managed by Grain…
Warminster Township on lookout for investment consultant | Pensions & Investments
Warminster Township, Pa., is searching for an investment consultant for its $34 million Police Pension Plan and $15 million Non-Uniformed Pension Plan. The township is seeking proposals from consultants because it is "looking for improved investment performance and a competitive consulting…
Alabama Deferred Compensation sticks with record keeper | Pensions & Investments
Alabama Deferred Compensation Plan, Montgomery, rehired Empower Retirement as record keeper, said Peter Gulia, founder of Fiduciary Guidance Counsel, which assisted with the search. The $643 million 457 plan issued an RFP in January due to the impending expiration of Empower Retirement's…
VIA Metropolitan Transit seeks investment consultant for pension plan | Pensions & Investments
VIA Metropolitan Transit, San Antonio, is searching for an investment consultant for its $348 million defined benefit plan. The transit authority is seeking proposals from consultants that can provide investment advice to its board of trustees and compensation and pension board committee,…
St. Louis Firefighters searching for core real estate manager | Pensions & Investments
St. Louis Firefighters' Retirement Plan is searching for a core real estate manager to run between $5 million and $10 million. The $145 million pension fund issued an RFP for a core real estate manager; investment consultant Dahab Associates is assisting with the search. The RFP is available…
Hedge fund efforts to add co-plaintiffs to Grayscale suit fall short, amended complaint shows | Pensions & Investments
While hedge fund investors in two Grayscale Investments-sponsored trusts showed interest in joining Alameda's lawsuit against Grayscale and its parent, the level of shareholder support is still insufficient.
Cambridge Retirement System searching for custodian | Pensions & Investments
Cambridge (Mass.) Retirement System is searching for a custodian. The $1.7 billion pension fund is seeking proposals from a qualified bank or financial institution that can provide institutional custodial and master trust services, according to an RFP on the website of investment consultant…
Tampa General Employees taps manager for emerging markets equities | Pensions & Investments
Tampa (Fla.) General Employees' Pension Fund hired Redwheel to run about $37 million in active emerging markets equities. The $770 million pension fund's board approved the hiring at its Sept. 12 meeting, said Dana Blydenburgh, pension plan supervisor. The pension fund conducted a shortlist…