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Plan added a direct real estate investment and a REIT investment to fill out a new 5% allocation to the asset class.
The plan’s general investment consultant “was unsuccessful in reaching legal terms” for a previously approved follow-on private credit commitment.
The plan is looking to expand its existing $1.16 billion factor portfolio to a global all country equity mandate.
The plan increased the allocation range for its global equity emerging manager program by 5% this week.
The hires follow the winding down of an incumbent fixed-income manager earlier this summer.
He will spearhead portfolio management for Pretium’s single-family rental fund strategy.
State Street is collaborating with Barclays to develop and manage active systematic fixed-income strategies.
The fund will invest in the global healthcare industry.
Foundations and endowments engaging with investment consultants are increasingly looking for their advisors to take on more responsibility across their portfolios and act like an outsourced cio, according to a recent survey.
The college savings plan removed an international equity manager from watch status after four years due to improved performance.