WisdomTree Investments has taken a step into the retirement market. However, the mandate win is the the public plan defined benefit market, not the 401(k) market where it had been making a more public push. The fundamental indexer picked up two mandates with a combined $415 million from New York City pension funds. Both New York City Employees’ Retirement System (NYCERS) and the New York City Police Pension Fund awarded two separate account mandates to WisdomTree for large-cap dividend strategies.

WisdomTree now claims that $4.7 billion are managed against its indices, both internally and by third parties. The New York City-based firm did not provide a breakdown of internally versus third-party-managed assets. 

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