Alternatives
The retirement system is looking to hire long volatility and global macro managers after increasing its target allocation to the crisis risk offset portfolio.
The retirement system approved three alternatives commitments at its meeting last week.
The $50 million in total commitments is subject to board approval next week.
The fund received a total of six bids in its private markets consultant search.
The pension plan approved two commitments to private equity and real estate at a meeting today.
The firm has sold its stake in a private equity manager, which has seen its assets under management quadruple to approximately $20 billion over the last seven years.
The retirement system also made two credit opportunities commitments last month.
A private equity firm focused on the manufacturing and industrial sectors has raised a second fund with commitments from endowments, family offices and outsourced cios.
The university is seeking a director of investments, real estate and real assets to lead research and preparation of proposed strategy considerations within the asset classes.
The retirement system added direct lending and core real estate commitments at today’s board meeting.