Newsmakers
Iowa Governor Appoints New IPERS Chief Executive
Martin Noven, formerly of the Maryland State Retirement and Pension System, will succeed Greg Samorajski.
The fund grew to $41.13 billion, a $1 billion increase over the last fiscal year.
Asset value of trust fund falls by more than $2.7 billion to end the year with just over $40.1 billion.
The $31 billion fund sheds light on its new three-phase search for investment management firms.