Non-U.S. & Global Equity
The retirement system hired a new international large-cap core equity manager for diversification purposes last month.
The plan also made a co-investment commitment last month.
The retirement system will consider six commitments totaling $265 million at Thursday’s investment committee meeting.
The retirement association will look to fill out its new international small-cap equity allocation with a hire next quarter.
The institution approved an investment with a low carbon, global equity index fund within its pension and revised the target asset allocation for its largest pool of assets.
The U.S. and Israel’s joint strike against Iran over the weekend has prompted retaliation across the Middle East that sent oil prices surging, though industry experts believe the markets can absorb those levels in a short-lived conflict.
The plan also hired two global equity managers at a meeting this week.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
The retirement fund also approved an infrastructure pacing plan earlier this month.
The retirement fund also disclosed commitments totaling $1.1 billion in November.