Alternatives

The plan voted to reduce the managers handling its global tactical asset allocation portfolio from three to two at a meeting yesterday.

A Northwestern state fund hired three global active equity managers and added two private markets commitments at its board meeting today.

A university in the South approved commitments to private equity and real estate funds within its endowment and changes to the public equity and fixed-income managers within its endowment and operating pools at its investment committee meeting last week.

The plan hired a firm that will help build a direct hedge fund portfolio.

The plan received an update today on its search and will conduct due diligence on four managers over the next two months.

The plan has now committed $50 million of its $90 million target as part of its 2021 pacing plan.