Pyramis could lose TRS equity mandate
US - Pyramis Global Advisors risks losing an international equity mandate worth US$1bn from the Illinois Teachers' Retirement System (TRS) after it was placed on the fund's watch list for organisational reasons.
Payden & Rygel's $659m fixed income core plus mandate was also in jeopardy after it was place on the watch list for performance reasons, and INVESCO, which manages $1bn in international equity, remained...
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