The investment funds offer advantages and challenges in both active and passive strategies, analysts say.
The California city is looking for an investment manager to oversee its $2.8 billion portfolio.
Technology sector weight increases, but remains a small slice of the total—for now.
Growing sophistication and customization of exchange-traded funds is expanding their use by investors to more strategic, long-term investments.
The pension giant’s acquisition of a majority stake in Tarchon is its fourth major investment in the sector in less than one year.
