Alternatives
A Virginia-based pension plan approved one hedge fund commitment and the termination of a second at this week’s board meeting.
A California pension plan approved the hire of a new international equity manager at a board meeting today to replace a terminated firm.
A Midwestern pension plan is scheduled to approve venture capital commitments at tomorrow’s board meeting.
A pension fund in the South Central region will conduct a general investment consultant search due to the upcoming contract expiration of its incumbent.
A religious order based in the Mid-Atlantic region made new alternative commitments last month after increasing target allocations earlier this year.
A Southern fund will consider two domestic direct lending managers to handle a private debt mandate between $50 million and $70 million following the issuance of an RFP in September.
A Southwestern plan will issue its RFP for marketable alternatives after approving a 2.5% allocation to the asset class last year.
A mid-Atlantic county plan terminated its domestic small-cap core equity manager due to underperformance.
Plan added investments in distressed debt and high-yield fixed-income in successive months in the third quarter.
Plan committed $15 million each to two distressed debt commitments that will fall within its alternatives bucket.