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The action catapults the hedge-fund firm into the ranks of the biggest foreign managers of private funds in the world’s second-largest economy.
A Midwestern plan approved three commitments at its investment committee meeting last week.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
She will help co-manage several strategies starting next year.
Plan added $40 million in value-add real estate commitments last week to help reach its 15% target to the overall asset class.
The plan terminated two of its international equity managers last month.
The fund is looking for emerging managers-of-managers to handle domestic small-cap and large-cap equity portfolios.
The plan hired two emerging markets equity managers and approved three private markets fund commitments.
The plan hired two firms in the domestic small-cap equity space to replace a previously terminated manager.
The plan rehired NEPC as its general consultant at a meeting last week.