Asset Study/Review
The retirement fund made up to $170 million in alternatives commitments last week.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.
The pension plan approved the addition of three new strategies with its retirement plan fund lineup at its March meeting.
The new asset allocation will “bring down projected volatility” for the city’s three pension plans.
The university approved a recommendation to revise its asset allocation, increasing its target to international equity, at its March meeting.
The pension plan also adopted a new asset allocation policy for its $141.8 billion Core Trust Fund last month.
The pacing amounts were approved in conjunction with an adjusted asset allocation.
The university will consider a recommendation to select an investment advisor for its endowed and non-endowed portfolios alongside potential asset allocation changes within the endowment at its March meeting.
The retirement system also selected finalists in its domestic core fixed-income manager search today.
The corporation revised its investment policy statement, including a new strategic asset allocation that increased targets to domestic large-cap equity, non-U.S. developed equity, absolute return, private debt, infrastructure and cash.
