Absolute Return
The plan is seeking several absolute return managers for a yet to be determined allocation.
A Virginia-based pension plan shifted assets from its private credit portfolio and added two commitments at its board meeting yesterday.
The plan made five alternatives commitments in July.
The plan approved several changes to its asset allocation at a board meeting today.
The plan hires two firms to manage a maiden liquid absolute return target.
They will be responsible for managing the firm’s emerging market debt total return funds as well as generating ideas and themes for implementation across all emerging market debt funds.
His responsibilities have been assumed by other team members, according to a spokesperson.
A California plan restructured its absolute return portfolio and hired an overlay services provider at yesterday’s board meeting.
The plan made first-time commitments with two private markets managers.
The plan approved investing $7 million in a credit hedge fund at its board meeting yesterday.
