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The plan committed to three real estate funds for pacing purposes.
The pension plan decided to stick with its incumbent at a meeting this week.
The pension plan will consider potentially replacing its international small-cap core equity manager due to underperformance.
The deferred compensation plan recently made several changes to both its equity and fixed-income portfolios.
The fund concluded searches launched in January.
Somerset had been in advanced talks to transfer its top performing funds to a new investment advisor.
The plan’s cio departed less than seven months after joining in the role.
Institutional investors are bullish on private market investments as the rapid development of artificial intelligence technologies signals future growth in the economy despite looming geopolitical risks, according to a recent survey.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.