Corporate Moves
New CIOs Join Mercer, Principal
Mercer names a leader for its US outsourced CIO practice, and Principal Asset Management appoints a CIO and global head of equities.
The city employees’ retirement system joins others around the world who’ve promised to do the same.
Asset class shrinking, and pension will need to allocate at least $3 billion more than last fiscal year to sustain 8% target.