The plan approved a new 3% target to infrastructure following an education from its general investment consultant.
Plan added infrastructure and private equity buyout commitments at today’s meeting.
I Squared intends to appoint a replacement, the firm said.
The plan approved an infrastructure commitment with an existing manager last week.
The firm has targeted the deployment of 36% of the fund in ten investments across its targeted sectors.
Fund is reviewing a request to consider a potential hedging program for its exposure to oil made at its board meeting last week due to the commodity’s volatility.
The plan hired a core infrastructure manager to move closer to its 3% infrastructure and natural resources target.
They will focus on value-added infrastructure investment.
Fund will consider infrastructure and private equity commitments within its trust fund this week as it looks to build out allocations created in 2020.
The trust fund will consider active management for U.S. small-cap and international developed markets equities.