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PERS board approves manager searches and $150M commitments to four infrastructure managers
Summary
The Public Employees Retirement System of Mississippi board approved an investment committee plan to search for a value‑add real estate manager (up to $200 million), replace an international growth equity manager with MFS, and commit $150 million each to four infrastructure managers.
The Public Employees Retirement System of Mississippi board on Dec. 15 approved several investment actions recommended by its investment committee, including a search for a value‑add real estate manager, a change in international growth equity managers, and four capital commitments to infrastructure managers.
Doctor McCall, reporting for the investment committee, said the system’s unaudited year‑to‑date return was 7.34% as of Dec. 15 and that PERS held approximately $38,000,000,000 in assets. “We should…
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