Alternatives
The foundation is looking to add emerging markets equity and India-focused private equity allocations within its portfolio.
The plan’s current alternatives consultant was first hired in 2017.
The crypto index is designed to track a wide range of companies and digital assets connected to the crypto ecosystem, combining cryptocurrencies and publicly traded crypto-linked equities into one index.
The firm held the final close of its oversubscribed third private equity fund at its hard cap of $750 million, surpassing its $550 million target and the $408 million raised by its predecessor fund.
The retirement system’s board also approved up to $250 million across private markets commitments at today’s meeting.
The pension plan also made two commitments at its real estate committee meeting in May.
Report finds artificial intelligence advancements have improved how hedge funds invest, but human judgment remains vital to investment decision making.
The fund is reducing its private markets pacing as it is increasing its distribution rate.
At least one client will explore alternative options next month.
The retirement system will also look to commit up to $250 million across private markets commitments.