Alternatives
A Midwestern employees’ pension plan has launched a search for absolute return investment strategies.
Plan will seek private credit portfolio manager and syndicated bank loan managers in the first quarter.
The pension plan will consolidate its general investment consulting and strategic alternatives consulting roles into a single relationship.
A Chicago annuity plan has terminated an $18 million liquid alternatives mandate.
A plan in the Mid-Atlantic region is considering two firms to handle a custom private equity program mandate and hopes to hire one by the end of January.
A Western fund will look to commit $84 million to private equity in 2021 following a workplan presentation from its alternatives consultant earlier this month.
The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
The plan is looking to build out its 10% target to the asset class.
Plan funded a new international equity manager and added alternatives commitments in October.
A Mid-Atlantic plan disclosed $500 million in recent private markets commitments at this week’s board meeting.