Alternatives
The firm interviewed two finalists at yesterday’s board meeting.
The firm appointed a co-cio to guide portfolio construction, manager selection and the firm’s overarching investment strategy and asset allocation as part of its leadership transition.
The retirement system has a 6% target to hedge funds.
The retirement system is seeking a firm to manage a $15 million mandate.
The university approved up to four financing agreements with startup companies recently launched from the institution’s ecosystem through its accelerator fund.
Artificial intelligence has been top of mind for many in the institutional investment industry for some time and Women’s History Month highlights industry females leveraging AI in various technology and healthcare spaces who find that these innovations, and women in general, are key investments for the future and productivity.
The plan committed to a fund specializing in aerospace and defense earlier this month.
The state pension plan also approved three alternatives commitments at a meeting last week.
The retirement fund made up to $170 million in alternatives commitments last week.
The search is open to credit opportunities, distressed debt and direct lending strategies.