News
Extensive and timely coverage of the institutional industry.
The plan adjusted its asset allocation policy to reflect its progress toward an 11% long-term private equity target and also approved two commitments in September.
The commitment represents a new relationship for the plan.
The plan will launch a credit manager RFP next month to fill a maiden allocation to the asset class.
The firm was first hired in 2016.
The plan terminated a core real estate manager that had been on watch since March for both organizational and performance reasons.
The new structure introduces a target to short-duration fixed-income and eliminates the plan’s passive core fixed-income target.
The firm has promoted one new partner and five managing directors.
The plan approved one private equity commitment and opted against a second last week.
The board has been working with its two incumbent record keepers for the plan since its inception in 1990.
The plan added commitments totaling $45 million in the last several months.