Alternatives
The retirement system also voted to recommend the liquidation of an international small-cap equity manager at today’s investment committee meeting.
The retirement system also made one full redemption at today’s board meeting.
The search will have a particular focus on European and global funds to increase the pension fund’s exposure outside of the U.S.
The retirement association recently made two redemptions for performance reasons.
The former head of private markets launched a firm focused on helping institutional investors execute secondary investments.
The board will hear a recommendation from staff and its investment consultant to approve a co-invest commitment to an infrastructure fund-of-one with an existing manager within its portfolio.
The commitments to three firms totaled $180 million.
The pension fund hired a new systematic trend following manager at today’s board meeting.
The retirement system added $50 million to two funds with an existing manager relationship.
The plan approved credit and real assets commitments at today’s board meeting and will consider a private equity commitment next month.
