The investment team associated with RMK Timberland Group has shifted over to Brazilian investment bank BTG Pactual Group following a desire by its prior owner Regions Financial, to focus on “core banking activities,” sources say.

While attempts to gain confirmation from the Birmingham, Ala.-based Regions Bank, which has more than $120 billion in assets, were not successful, pension officials from the Arkansas Teachers Retirement System (ATRS) have noted the change in ownership.

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