NY Teachers Awards $500M Mandates

New York State Teachers’ Retirement System (NYSTRS) has appointed LSV Asset Management and Baillie Gifford to manage MSCIACWI ex-U.S. portfolios, Pension & Investments reports. The two managers will each run up to $250 million in actively managed portfolios.

Both firms are new managers with the system. Separately, vice president of the NYSTRS board, Sheila Salenger, has retired from her position. No temporary appointment has been made so far.

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