Non-U.S. & Global Equity
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.
The pension board will also target $1 billion to non-traditional equity strategies.
The system approved revising the asset allocations for its endowment and liquidity pools after reviewing the allocation strategies for both pools in recent months.
The plan approved a recommendation from plan staff after tabling a decision from last month.
The three firms will vie for a $25 million mandate next month.
The plan is looking to allocate up to $250 million to emerging managers.
