Plymouth County on the hunt for core fixed-income manager
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Plymouth County (Mass.) Retirement Association is searching for a core fixed-income manager to run about $60 million for the $1.24 billion pension fund.
Meketa Investment Group, the retirement plan s investment consultant, is assisting with the search.
Respondents must have been in operation for at least five years and have at least $5 billion in total assets under management to be considered.
The most recent investment report on the retirement association s website shows that Income Research & Management ran nearly $60 million in a core fixed-income strategy for the pension plan as of Jan. 31. It wasn t disclosed if IR&M s portfolio is up for bid or whether the fund is looking to hire an additional core fixed-income manager.
Ares closes latest real estate fund at $1.7 billion
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Ares Management Corp. closed Ares U.S. Real Estate Opportunity Fund III at $1.7 billion, exceeding its fundraising target, the firm said Tuesday in news release.
The target for the firm s latest real estate fund was $1.5 billion with a $2 billion hard cap, according to a report to the board of the $215 million Plymouth County (Mass.) Retirement Association.
The fund is 70% larger than the $1 billion that was raised by its predecessor fund in 2015. It has already made nine investments. The fund s investments are expected to include distressed investments, properties that are being repositioned and some development.
Plymouth County embarks on small-cap manager search
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Plymouth County (Mass.) Retirement Association is searching for a small-cap growth equities manager to run about $90 million for the $1.2 billion pension fund.
Meketa Investment Group, the retirement plan s investment consultant, is assisting with the search.
Boston Co. is the plan s sole current small-cap growth manager running $83 million as of Nov. 30, according to the most recent investment report posted on the pension fund s website. It wasn t immediately known whether Boston s portfolio is up for bid or whether the fund was hiring an additional small-cap growth manager.
Respondents must have been in operation for at least five years and have at least $1 billion in total assets under management to be considered.