The Iowa Municipal Fire & Police Retirement System (Iowa MFPRS) has selected Neuberger Berman partnership, Pensions & Investments reports. The pension fund has invested $50 million in Neuberger Berman’s Crossroads 2010 Fund-of-Funds Special Situations partnership. The allocation is subject to negotiations and completion of a due diligence review. The $2 billion West Des Moines–based system administers pension benefits for many public safety personnel.
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