The $1.3 trillion fund has shaken up its equities management amid pressure to obtain higher returns.
Fonds de Réserve des Restraites has appointed small and mid-cap managers for European mandates worth €800 million.
Fundraising is up, but not everyone is managing to secure the capital.
Northern Trust has won the mandate to manage the University of New Orleans Foundation’s portfolio.
News of subpoenas from the SEC and Justice Department has made little lasting difference in the firm’s share price.
“You never see a bad back-test. Ever. In any strategy.” —Josh Diedesch, Investment Officer, California State Teachers' Retirement System