Absolute Return
A California plan restructured its absolute return portfolio and hired an overlay services provider at yesterday’s board meeting.
The plan made first-time commitments with two private markets managers.
The plan approved investing $7 million in a credit hedge fund at its board meeting yesterday.
A Northwestern pension plan hired an absolute return bond manager to replace its terminated mandate with hedge fund-of-funds manager Castine Capital Management at yesterday’s board meeting.
A university in the South increased its domestic equity target last year at the expense of its international equity, absolute return and long/short allocations.
The strategy will invest in four different fixed-income assets.
The pacing plans are part of its 2021 annual asset class investment plans.
The plan expanded a private equity commitment and added an absolute return commitment in November.
A Midwestern employees’ pension plan has launched a search for absolute return investment strategies.
The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
