Asset Study/Review
The nonprofit association revised its target asset allocation in the second quarter, moving its portfolio toward fixed-income at the expense of public equities and real assets.
The firm has issued an RFP seeking firms to assess its current compliance infrastructure as it considers registering as an Securities and Exchange Commission registered investment adviser.
The retirement system also made three commitments at its investment committee meeting last week.
The plan concluded its global equity manager search with a replacement for one existing firm.
The plan also approved follow-on private equity fund-of-funds commitments last quarter.
The plan was mulling a 5% target to either private equity or private credit, ultimately approving the latter.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The retirement system doubled its target to value-add real estate at a board meeting today.
The plan also made slight adjustments to its asset allocation at its meeting this week.
The pension plan also maintained the fiscal year 2027 asset allocation policy for three of its systems this week.
