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Santa Barbara County Hires Infrastructure Manager
The $2 billion Santa Barbara County (Calif.) Employees Retirement System approved a $40 million investment in public infrastructure to RARE Infrastructure at its May 23 board meeting, according to board documents.
In addition, the board approved a total of approximately $434 million in investments. Investments with new managers were announced in fixed income, international fixed income, emerging market debt and bank loans. The new hires are the result of the plan’s approval of new asset classes recommended by general investment consultant Meketa Investment Group as part of a completed asset allocation study at its March 29 meeting.