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FUNDRAISING NEWS | June 14, 2024
Tags: Pension Funds, Searches, Equities
The Employees' Retirement System of the City of Norfolk has hired J. Stern & Co to be their new Global Equity Manager per meeting materials from the March 6 board meeting.
J. Stearn will replace SSgA ACWI IMI Index in the Global Equity lineup. They will manage $57 million in active global growth equities, representing 4.5% of the retirement portfolio.Additionally, the Retirement System is redeeming 1% from the core fixed income portfolio and investing proceeds to the Fidelity Small Cap Index.
Meketa assisted.
As of January 31, the Retirement Fund was valued at $1.28 billion.
For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace! 
Written By: Jane Bailey, Marketing Associate
Jane Bailey is a Marketing Associate at Dakota.
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