Performance issues and personnel changes at Thornburg Investment Management have prompted the $2.1 billion Fort Worth Employees Retirement Fund to terminate the firm.
Board trustees for the Park Employees' Annuity and Benefit Fund of Chicago were due to hear presentations from three firms in its search for minority, female or disabled-owned international equity asset managers this month.
Fresh off its nearly 16% annual investment return, the Virginia Retirement System (VRS) has allocated nearly $2 billion to asset managers within the credit, real assets and equity exposures, confirmed plan spokeswomen Jeanne Chenault.
In addition to adding Mercer as a new real estate investment consultant, the Indiana Public Retirement System (INPRS) has agreed to terminate or redeem assets from a slew of managers in the public equity, absolute return and alternative asset classes.
The Miami Beach Employees Retirement Plan (MBERP) Board decided this week to allocate its new emerging market equity (EME) mandate to Dimensional Fund Advisors (DFA), confirmed Pension Administrator Rick Rivera.