Newsmakers
Steven Meier Named Institutional Vice Chair at Neuberger Berman
The former New York City pension CIO will provide insights and thought leadership in a newly created role.
The New York State Common Retirement Fund earmarked $2 billion to a single Neuberger Berman fund.
The investment management veteran comes from Cambridge Associates.
Used as an escape hatch when private equity is in the doldrums, this venue has become established enough to keep going in better days, strategists say.
The Common Retirement Fund also earmarks investments in absolute return and credit.
$30.9 billion fund also earmarks $500 million in new investments.
Selections chosen for their UK presence and global reach.