Real Assets
The retirement system hired a global equity manager to handle $500 million and added two commitments with existing manager relationships last week.
The pension fund is seeking a manager to handle a diversified real assets strategy that must include commodities, precious metals and infrastructure/real estate.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.
The plan made a real assets commitment with an existing manager relationship last month.
Cross-border trade between Mexico and the U.S. and inflows of copper-related products stand to continue despite tariff volatility, opening up opportunities for investors.
The plan added a maiden target to infrastructure as part of a revised real return portfolio.
The current providers will see their contracts expire at the end of this year.
The plan is searching for a credit or equity-focused maritime shipping fund.
The plan approved three alternatives commitments at its board meeting last week.
The retirement system introduced TIPS and eliminated its low volatility and public real assets targets as a result of a new asset allocation policy.