Searches And Hires
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.
The state trust fund added two private equity buyout strategies in December as part of the buildout of its private equity and alternative investment portfolio.
