The plan decided to fully redeem its core real estate investment.
The plan hired two farmland managers at today’s board meeting.
The plan will consider shifting its active international large-cap equity manager to a passive option this week.
Plan approved a $10 million investment in an agricultural REIT strategy this week.
Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.
A California pension plan hired a new real estate consultant and approved a private equity and infrastructure pacing plan today.
Plan will see a firm for passive U.S. and non-U.S. equities, fixed-income and real assets investment management services.
Plan will consider breaking up 5% allocation to Master Limited Partnerships and is considering exposures to commodities, listed infrastructure and TIPS.
The plan expects to conduct several manager searches in 2022.
The plan made three commitments totaling up to $32 million at its board meeting last week.