Inflation Protection
The pension plan also hired a manager to handle a customized treasury mandate.
The pension fund committed $50 million between a pair of infrastructure secondaries managers last week.
The plan eliminated its short-duration fixed-income and TIPS allocations through manager terminations approved last month.
The plan eliminated its TIPS target as part of a new asset allocation policy approved in March.
The retirement system introduced TIPS and eliminated its low volatility and public real assets targets as a result of a new asset allocation policy.
The retirement system agreed to hire a new core fixed-income manager at today’s meeting.
The plan located in our nation’s capital approved a search for active international equity managers.
The retirement association will look to fill new targets to non-core infrastructure and TIPS in the first half of 2025.
The searches follow a review of the overall asset class this week’s meetings.
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.