Virginia Retirement System Terminates One Manager, Commits to Two Others
CIO Ronald Schmitz also expects private equity returns
to be a bit stronger than hoped.
CIO Ronald Schmitz also expects private equity returns
to be a bit stronger than hoped.
Private
equity receives nearly half of the commitments.
Baggesen replaces Andrew Junkin, who took CIO role at
Virginia Retirement System.
Person tapped would replace
Andrew Junkin and take over plan that is set with PE in 2022.
State
investment commission also approves new fund commitments as CIO prepares to
leave.
Junkin
will leave Rhode Island and replace Schmitz.