Alternatives
The plan recently terminated its risk premia manager due to investment process and performance concerns.
The plan added $120 million across two commitments with existing manager relationships in recent weeks.
The firm promoted a director to managing director, two v.p.s as principals and a senior analyst to v.p.
A study finds that 96 of the 100 active investment managers and analysts currently use alternative data to support their strategies.
The fund added a global real estate strategy and passive international equity strategy with a New England-based firm to its roster of underlying funds to add more yield and reduce overall fees.
The alternatives manager has completed the first close of its latest strategy targeting venture fund-of-funds and direct investments in technology companies.
The plan recently committed approximately $2.2 billion total to nine funds.
The plan will revisit a proposed asset allocation that would incorporate a maiden private credit target at next month’s board meeting.
The search follows the departure of an investment associate that left at the beginning of the year to join a West Coast endowment.
The fund added two new private credit managers to its portfolio last week following a recommendation from its general investment consultant due to an expected recessionary environment and opportunities expected to arise from the recent regional bank crisis.