US - Indiana's $6bn State Teachers' Retirement Fund is searching for a manager to run a $150m private equity fund of funds mandate.
Robert Newland, chief investment officer of the fund, said that the fund was looking to have a manager in place within the next three to six months. Callan Associates will be assisting the fund with the search.
Additionally, Newland said that the fund was considering investing in real estate, but declined to give any further details.
By Geoffrey Ho
Life expectancy in the UK saw no improvement between 2015 and 2017 as the number of people aged over 90 hit a record high, latest Office for National Statistics (ONS) data reveals.
Self-administered pension funds spent £14bn on payments to pensioners in Q2 2018, but only received £11.4bn of contributions (net of refunds), latest Office for National Statistics (ONS) data reveals.
The Pensions and Lifetime Savings Association (PLSA) has named the 17 members of its inaugural policy board after a competitive application process with 60 candidates.