The city plans had previously had fixed-income emerging manager-of-managers portfolios with Progress Investment Management Company.
The plan has hired three managers-of-managers to handle a proposed $1 billion across fixed-income, international developed markets and emerging markets equity.
Reps. Emanuel Cleaver (D-Mo.) and Joe Kennedy III (D-Mass.) have released the findings of their inquiry into the use of diverse asset managers by 25 endowments.
The employees retirement system will target a 7.5% allocation to emerging and diverse asset managers.
NEPC will be hosting a webinar for healthcare organizations on diversity within investment programs.
This month we have news on a new emerging manager program being created and coverage of the SEC Asset Management Advisory Committee meeting.