GTAA
The retirement system will consider options to replace its investment in Wellington Management Company’s Wellington Opportunistic Investment Fund, which is closing.
The plan has also cancelled its exploratory real estate search.
The retirement system authorized its cio to terminate several public markets investments last month.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
The pension plan will liquidate its entire domestic equity roster.
The search is a result of a new asset allocation.
The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.
The plan opted to liquidate its 10% allocation and reallocate the proceeds to fixed-income.
The plan increased its core bond target as part of asset allocation changes approved at last week’s meetings.
The plan authorized two private equity fund-of-funds searches and terminated two managers within its diversified strategies portfolio as the result of a new asset allocation policy.