The Fort Lauderdale General Employees Retirement System (GERS) Board of Trustees recently sat through an educational presentation on hedge funds, confirmed Dave Desmond, plan administrator.
*Investment Committee also approved private equity, real estate and opportunistic commitments
Trustees for the more than $1.4 billion Chicago Laborers and Retirement Board Employees Annuity and Benefit Fund (LABF) decided recently to direct investment consultant NEPC to initiate an RFP for an international equity manager, plan documents indicate.
The City of San Jose Police and Fire Retirement System has made revisions to its asset allocation targets, resulting in a reduction to absolute return investments.
Performance issues and personnel changes at Thornburg Investment Management have prompted the $2.1 billion Fort Worth Employees Retirement Fund to terminate the firm.