Risk Parity
The plan will issue a general investment consultant RFP due to an upcoming contract expiration and conduct an asset allocation study to consider eliminating its risk parity asset allocation.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
Plan’s board considered terminating an emerging markets value equity manager and disclosed several alternative commitments and manager terminations last month.
The plan disclosed several new private commitments in addition to two absolute return manager redemptions at its meeting Friday.
Plan committed $60 million in total to risk parity and private equity buyout commitments this month.
The plan terminated the manager during closed session of its meeting last week.
The plan disclosed ten commitments totaling almost $1 billion at its board meeting last week.
A state investment board in the Pacific Northwest approved a 2022 private equity pacing plan.
A Midwestern pension plan concluded its private credit search at today’s board meeting.
The plan approved redeeming a risk parity fund due to the firm’s decision to liquidate.