Infrastructure
The pension plan also redeemed an alternatives manager at a board meeting today.
The institution and its affiliated foundation added new infrastructure and global equity managers in the first half of 2026.
The termination comes after the plan reduced its risk parity allocation as part of a new policy approved in April.
The retirement system made investments of $100 million each to “fixed-income replacement” and infrastructure funds this week.
The search comes after the plan increased its target to the asset class by 2%.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The retirement system doubled its target to value-add real estate at a board meeting today.
The state pension fund approved the hire at today’s board meeting, expanding its existing agreement with its alternatives investment consultant.
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
The fund is removing a bond overlay as market monitor signals have moved to short from neutral and is also increasing two infrastructure commitments within its portfolio.
