Alternatives
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.
The retirement fund also hired an emerging markets equity manager last week.
The commitments include three new manager relationships for the retirement system.
The plan recently made $285 million in private markets commitments.
The retirement system will interview the finalists at its December finance committee meeting.