Daily Feed
The plan added $10 million to senior direct lending across two commitments last month after making two similar commitments one month earlier.
The deferred compensation plan terminated one of its diversified emerging markets equity managers due to low participant usage and underperformance.
Plan liquidated its 5% risk parity allocation in March and reallocated the target to hedge funds, a new allocation for the plan.
The plan’s investment committee initially received an asset/liability education in May.
The plan issued an RFP last year due to the contract expiration of its incumbent.
The RFP was slated to be issued to comply with standard state procurement laws.
The real estate firm’s new hire joins from Goldman Sachs Asset Management.
June Kim was promoted to senior investment director of total fund management.
The plan disclosed recent private equity, private credit and real estate commitments.
The RFPs are a result of a new asset allocation approved in May.