Asset Study/Review
The retirement system hired three global equity managers to replace its dedicated international and emerging markets equity allocations in the first quarter.
The pension plan received a recommendation from staff to amend its private equity sub-asset class targets last week.
The college will close next month after operating for 168 years after it was unable to obtain bridge funding from a state loan program.
The retirement system eliminated its 6% target to the asset class this week.
The plan will move the assets with the state investment trust.
The retirement fund also adopted a new asset allocation to take advantage of higher interest rates.
The fund will conduct a search for investment consultants next year after extending the contracts of its incumbent providers at its March board meeting.
The plan will see its overall private markets target increase to 40% from 33%.
The pension plan approved new structures for its infrastructure, non-U.S. equity and real estate portfolios last week.
The plan is also scheduled to request an emerging markets equity manager search in the coming months.
