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  • January 19, 2018
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    Texas Employees Considers Real Estate FoFs, High-Yield Mgrs.

    September 10, 2015

    The $25.9 billion Employees Retirement System of Texas is considering adding a second real estate fund-of-funds and a high-yield fixed-income manager for its emerging manager program over the next year, Plan Spokeswoman Mary Jane Wardlow said, in an e-mail.


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    Pittsburgh To Seek Local Emerging Managers

    September 10, 2015

    The $676 million Pittsburgh Comprehensive Municipal Pension Trust Fund will issue an RFP for local emerging investment managers later this month, Director of Finance Paul Leger said, in an email.


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    Illinois Muni. Adds Emerging Manager Program Analyst; Loses Staffer

    September 10, 2015

    Luke Kukulka has joined the $35.6 billion Illinois Municipal Retirement Fund as associate investment analyst for emerging managers and total portfolio, according to the plan’s Web site.


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    Wilshire Associates Sponsoring Emerging Manager Webinar

    September 10, 2015

    Investment consulting firm Wilshire Associates will be sponsoring an emerging manager webinar this Friday, Spokeswoman Kim Shepherd confirmed, in an e-mail.


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    Lebenthal Lisanti Capital Growth Hires Managing Director

    September 10, 2015

    Timothy Woods has joined Lebenthal Lisanti Capital Growth as managing director and senior research analyst, President and CIO Mary Lisanti confirmed.


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    Legato Capital Management Acquires Full Ownership

    September 10, 2015

    Legato Capital Management has acquired the equity ownership of limited partner Forward Management, confirmed Scott Ohm, Legato senior v.p. and product specialist.

    Legato is now 100% employee-owned following the management buyout and remains majority minority held, the emerging manager-of-managers firm said.

    Prior to the acquisition, Forward Management held an ownership stake of approximately 34%, Ohm said. Financial terms of the transaction were not disclosed.

    Forward was recently acquired by Salient Partners. “This transaction represents a tremendous opportunity for Legato and its employees,” Legato CIO and CEO Victor Hymes said, in a statement. “We have achieved this milestone in partnership with our clients, who have given us the opportunity to serve them. For this I am overwhelmed with gratitude.”

    San Francisco-based Legato has $1.4 billion in assets under management. The firm’s clients include the Atlanta General Employees Pension Fund, Employees Retirement System of Texas, San Joaquin County Employees Retirement Association and the Stanislaus County Employees Retirement Association.

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