Hedge Funds
The retirement plan hired several managers to move toward its new asset allocation policy.
The retirement system diversified its domestic bond portfolio with the investment on April 1.
The plan is researching diversifying strategies for potential allocations.
The system will discuss an implementation plan for the new asset allocation policy next month.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
The retirement system made a $25 million private equity commitment last month.
The plan also terminated a fixed-income manager last month.
The plan made a hire in its non-discretionary hedge fund consultant search earlier this year.
New research finds fixed-income hedge funds are growing in popularity among global institutions that seek higher yields without liquidity.