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.
Trustees at the $13.6 billion Los Angeles City Employees Retirement System (LACERS) will consider a recommendation to terminate a firm overseeing a mid-cap equity portfolio on its behalf.
Trustees for the Stamford Firefighters Pension Fund (SFPF) have directed investment consultant Beirne Wealth Consulting to return next month with a list of potential mid-cap funds, IMMP has learned.
The Board at the Los Angeles Fire and Police Pension (LAFPP) will discuss criteria for upcoming searches, documents prepared for its Aug. 21 meeting indicate.