Daily Feed
The plan’s investment committee approved new emerging market debt and private equity investments today.
The state pension fund is considering a private markets emerging manager program and will issue an RFI as it looks to gather further insight into the process.
The retirement system also recently hired a new international growth equity manager.
The potential search follows the termination of its incumbent active manager last month due to performance concerns.
The new investment partner will serve as a member of the firm’s investment committee and its industrial leadership group.
The university disclosed the recent addition of three new private equity strategies within its endowment in between its first and second quarter committee meetings.
The state’s treasury department is seeking two firms to provide record keeping, administrative and communication services as well as custodial and investment advisory services as it looks to reduce its current fee structure.
The retirement system approved real estate and real assets commitments at a board meeting last week.
The fund concluded a recent RFP with three private equity commitments totaling $50 million.
He has served in the role since 2017 and handles the administration functions of the plan.
