Hedge Funds
The retirement system also recently approved a maiden private credit commitment.
The retirement plan terminated a global macro hedge fund manager in the first quarter.
The pension plan also redeemed an alternatives manager at a board meeting today.
The plan disclosed recent activities from its investment committee meeting this month.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The plan will also terminate two existing hedge fund managers.
The plan will seed a new strategy headed by a former senior managing director.
The changes aim to improve portfolio quality for the retirement system’s domestic equity sleeve with several terminations and hires.
The firm hired a director of strategic relations to represent its equity and multi-asset solutions with institutions on the West Coast.
The plan also disclosed two private markets commitments.
