Marlborough (Mass.) Retirement System, with about $30 million in assets, has hired Meketa Investment Group as investment consultant. The firm replaces Advest Group.
Bob Michele was appointed head of U.S. fixed income with Schroder Capital, a new position, said Sharon Haugh, chairman. Mr. Michele was a managing director and portfolio manager with BlackRock Financial.
When asked if Mr. Michele will be replaced, Barbara Novick, managing director with BlackRock, said only that he was part of a portfolio management team and the firm uses a team approach