Asset Study/Review
The retirement system’s sole REIT manager handles $17 million.
The fund added an international equity large-cap equity manager to watch status in the fourth quarter as the strategy had underperformed the MSCI EAFE Index for the trailing quarter, one-, two-, three- and five-year periods.
The university is reviewing its discretionary investment consultant relationship and investment strategy as part of its standard due diligence practices.
A state trust fund is considering a recommendation from its consultant to diversify its public credit portfolio in one of its funds.
The plan also added a new 6% target to private credit.
The new asset allocation also eliminated the plan’s hedge funds portfolio.
The retirement system also approved new target allocations for its public equity managers at today’s investment committee meeting.
The university reduced its stake in the credit platform of an alternatives investment manager as investors are becoming concerned with redemption requests and gating withdrawals.
The plan will also search for private debt and infrastructure managers later this year.
The plan also added a pair of commitments to a new private equity manager relationship.
