The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
A New England pension plan tapped a replacement for a recently terminated absolute return manager at a meeting today.
The state plan will invest up to $1 billion with portable alpha managers in 2021.
The departures follow fund changes and closures.
A New England-based university rebalanced two of its portfolios away from multi-asset strategies and value-tilted equities at its board meeting this week.
A pension fund on the West Coast has added a new asset class as part of a completed asset/liability study.
A state pension fund in the Mid-Atlantic region will begin a consultant search in anticipation of the impending contract expiration of its incumbent.
A Virginia-based pension plan approved one hedge fund commitment and the termination of a second at this week’s board meeting.
A New England pension plan approved a private equity and private credit commitment at a board meeting today.