Virginia Retirement System has appointed two managers for its domestic fixed income and real estate portfolios, Pensions & Investments reports. Payden & Rygel has been hired to run $400 million in domestic fixed income and Capri Capital Partners will manage $100 million in real estate. The funding for both the appointments will come from cash. The $54 billion system has appointed Korn/Ferry International to assist in its search for a new CIO to succeed current CIO Charles Grant, who is retiring in August 2011.
Click here for the story from Pensions & Investments.