FUNDRAISING NEWS | March 06, 2024
The Massachusetts Water Resources Authority Retirement System has approved the hiring of Aristotle for their Large Cap Value search, according to Minutes from the January 25, 2024 Board meeting.
Finalists also considered were Dodge & Cox, Newton and Seizert.
The large cap portfolio has been allocated to three managers, Rhumbline, Coho, and Polen. It was also approved to terminate Coho and Polen and to reallocate the US Large Cap portfolio to Rhumbline in addition to the hiring of Aristotle. Rhumbline currently manages $65 million, Coho was valued at $50 million, and Polen at $43 million.
As of January 31, 2024, the $677 million pension fund allocates approximately 23.6% to large cap equity with a policy target of 24%.
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Helen Bascom is a Marketing Associate at Dakota.
