Asset Study/Review
Pension plan expects to review approving a search for international small-cap equity managers next month.
The retirement association is looking to add a passive component to its international equity portfolio.
The plan is scheduled to approve a new target asset allocation at its meeting on Tuesday.
The fund approved a new long-term strategic asset allocation for its endowments, increasing its private equity target 5% to raise expected returns and leverage the unique cash flow attributes of the portfolios.
The new fiscal year 2024 asset allocation policy will increase the fixed-income targets for four of the plan’s systems.
The system will introduce a target to rebalancing leverage as part of a new long-term asset allocation policy for its defined benefit plans and hired a record keeper on behalf of its eight defined contribution plans yesterday.
The review may lead to replacement searches for two incumbent managers.
The fund will consider new 2024 fiscal year strategic asset allocations that would increase its allocations to private equity and directional hedge funds, among other asset classes.
The plan hired a manager to implement its maiden 3% target to private debt as part of a new asset allocation policy in March.
The new asset allocation includes slight increases to several portfolios.