Searches And Hires
The pension plan made two private equity commitments in August for pacing purposes.
The pension plan’s hedge fund committee approved four commitments and a manager termination at its meeting in October.
The manager was placed on watch last year for underperformance.
The pension plan created stand-alone target allocations for real estate and infrastructure and recently added a new member to its investment staff.
The plan committed to three real estate funds for pacing purposes.
The pension plan will consider potentially replacing its international small-cap core equity manager due to underperformance.
The deferred compensation plan recently made several changes to both its equity and fixed-income portfolios.
The fund concluded searches launched in January.
The pension plan liquidated an approximately $237 million global equity mandate and made commitments totaling $1.4 billion in October.
The plan’s current manager is on watch for performance reasons.