Alternatives

New managing director will focus on business development and capital partners.

The plan approved an amendment at today’s meeting that will see its contract with an existing manager terminated later this year.

The plan added an infrastructure commitment in January and funded several new investments in December.

Commitments to private equity fund-of-funds and secondaries will help to rebuild private equity allocation.

Institutions should take a fresh look at financial and investment strategies to address challenges to their business models and maintain optimal asset allocations to meet a 7.5% historical return target, particularly in the face of a long-term era of muted returns, according to a recent study.

A Virginia-based pension plan approved two commitments at its board meeting yesterday.