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The foundation amended its asset allocation policy, removing its allocation to special purpose acquisition company assets, and added several commitments within its endowment during its second quarter investment committee meeting.
The fund expects to hear a recommendation to fully redeem a short-duration fixed-income investment in its operating pool and redeploy the assets among existing managers within its long-term pool.
The asset class lead in the global manager research group had been at the firm since 2012.
The plan has current managers in the two asset classes.
He joins the firm to provide expertise on their corporate, multiemployer and public sector clients.
The commitments include maiden investments in private credit.
The plan terminated an opportunistic mandate for performance reasons last week.
The search is due to the incumbent’s upcoming contract expiration.
The plan has appointed a new deputy cio from an investment consulting firm.
The pension plan will conduct two manager searches after approving a fiscal year 2024 real assets investment plan.