Alternatives
The plan made two commitments totaling $25 million with existing managers.
A university in New England approved adding new global equity and hedge fund managers to its endowment at its investment subcommittee meeting last month.
A fund in the Midwest approved two credit commitments at its December board meeting in a shake-up of its fixed-income portfolio.
A Midwestern employees’ pension plan has launched a search for absolute return investment strategies.
Plan will seek private credit portfolio manager and syndicated bank loan managers in the first quarter.
The pension plan will consolidate its general investment consulting and strategic alternatives consulting roles into a single relationship.
A Chicago annuity plan has terminated an $18 million liquid alternatives mandate.
A plan in the Mid-Atlantic region is considering two firms to handle a custom private equity program mandate and hopes to hire one by the end of January.
A Western fund will look to commit $84 million to private equity in 2021 following a workplan presentation from its alternatives consultant earlier this month.
The pension fund will reinvest in public or private markets after reducing an absolute return mandate.