Massachusetts Bay Transportation Authority Retirement Fund, Boston, took a 40% stake in Progress Investment Management, whose senior management just bought the firm back from Columbia Management Group, said Thurman V. White, Progress president and CEO. The pension fund, which invests some $30 million in assets with Progress, could not be reached for comment. The plan has $1.47 billion in assets, according to the Money Market Directory.
Massachusetts Bay Transportation Authority Retirement Fund, Boston...
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