Absolute Return
The retirement system selected three absolute return managers and two real estate managers for possible inclusion within its investment lineup last week.
The university approved new investment policies with revised asset allocations for its endowment, retirement plan and working capital pools that includes removing the absolute return asset class.
The retirement plan hired several managers to move toward its new asset allocation policy.
The system will discuss an implementation plan for the new asset allocation policy next month.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The pension plan is seeking several managers to handle a yet-to-be-determined mandate.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The plan also made several private markets commitments totaling more than $500 million.
The plan will look to hire five firms after launching a search in January.
The plan also disclosed two new commitments.