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SSgA Wins $600M Arizona Mandate
The Arizona Public Safety Personnel Retirement System, Phoenix, has appointed State Street Global Advisors to run $600 million in a derivatives overlay.
TheArizona Public Safety Personnel Retirement System, Phoenix, has appointedState Street Global Advisors(SSgA) to run $600 million in a derivatives overlay,Pensions & Investmentsreports. The firm replacesBNY Mellon Beta Management, which was laid off due to excessive tracking error.
The system has also appointedNeuberger Berman Groupto manage about $140 million in active domestic small-cap value equities. The funding will come from indexed equities. Separately, the system allocated an additional $3.4 million toLadder Capital Finance Holdings.
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