The pension plan terminated its incumbent domestic core-plus fixed-income manager last month due to underperformance.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The pension plan made private equity commitments with two existing manager relationships and one new manager relationship this week.
The pension plan’s administrator has accepted a new role with the state’s attorney general.
The pension plan recently committed up to $75 million to an existing hedge fund manager relationship and tweaked its private equity sub-asset class targets.
The pension plan funded one of its separate account mandates for the global equity emerging manager program last month.
The defined contribution plans agreed to issue a targeted general investment consultant RFI for best practices.
The pension plan will aim to commit $3.1 billion total to private equity and opportunistic/diversified strategies in fiscal year 2025.
The deferred compensation plan will consider potentially replacing two equity managers, which are both on watch.
The pension plan recently made $1.2 billion in total commitments across its credit strategies, private equity and real assets portfolios.