BlackRock and RhumbLine will join existing manager State Street Global Advisors (SSgA) on a “panel” of passive money managers set up by the Connecticut Retirement Plans & Trust Funds, Pensions & Investments reports. The panel will be responsible for putting in place a more flexible and efficient structure for the equity portfolios, extending the mandate to any type of passive mandate or ETF in line with the plan’s investment guidelines.
The passive panel will assist in bidding for future mandates to facilitate ongoing asset allocation decisions. SSgA will continue to manage $5.2 billion in passive domestic and international equities as well as core fixed income for the pension fund.
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