Alternatives
The plan made two follow-on private investments in the first quarter.
The plan approved consolidating management of its $51 million global tactical asset allocation portfolio yesterday.
The plan will receive presentations from two private infrastructure managers at a meeting next month.
The search is being conducted because the plan is underallocated to the asset class.
The plan concluded its high-yield fixed-income manager search and disclosed up to $555 million in private equity commitments at its board of investments meeting this week.
A California plan restructured its absolute return portfolio and hired an overlay services provider at yesterday’s board meeting.
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.
The plan disclosed new commitments to private equity, credit and an infrastructure fund at today’s meeting.
Professional investors are expected to increase their exposure to alternative investments, including cryptocurrencies over the next two years, according to a new study.