Asset Study/Review

The plan agreed to move forward with real asset manager searches and terminate a domestic large-cap core equity manager at today’s board meeting.

A Midwestern public safety plan approved a new asset allocation policy that introduces maiden private equity and private debt targets at yesterday’s board meeting.

The new asset allocation increases its equity target by 3%.

A fund based in a Western state approved a new commitment to a private equity manager as it shifts its portfolio toward illiquid allocations.

The plan’s new investment consultant expects to come back with a full review and recommendations at its August board meeting.

The plan will discuss private credit options as well as asset mixes at its August meeting.