Real Assets
The plan approved a $40 million core infrastructure commitment last week to fill a new allocation to the asset class.
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 retirement fund added $249 million in new commitment at last week’s board meeting.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
The retirement plan added $60 million in infrastructure investments at today’s board meeting.
The infrastructure asset class would mark a new investment for the plan.
The retirement system also selected finalists in its domestic core fixed-income manager search today.
The retirement system made five commitments totaling roughly $218 million last week.
The retirement fund also approved an infrastructure pacing plan earlier this month.
The retirement fund also terminated a Russell 1000 Growth Index fund manager today.