Absolute Return
A Northwestern pension plan hired an absolute return bond manager to replace its terminated mandate with hedge fund-of-funds manager Castine Capital Management at yesterday’s board meeting.
A university in the South increased its domestic equity target last year at the expense of its international equity, absolute return and long/short allocations.
The strategy will invest in four different fixed-income assets.
The pacing plans are part of its 2021 annual asset class investment plans.
The plan expanded a private equity commitment and added an absolute return commitment in November.
A Midwestern employees’ pension plan has launched a search for absolute return investment strategies.
The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
A New England pension plan tapped a replacement for a recently terminated absolute return manager at a meeting today.
The state plan will invest up to $1 billion with portable alpha managers in 2021.
