Credit/Private Debt
The pension plan approved a new asset allocation for its Core Trust Fund this week.
The plan hired Albourne as its new strategic investments consultant and brought on Aksia for its private credit portfolio.
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.
The plan also concluded its emerging markets ex-China equity search at a meeting this week.
The retirement system also disclosed three new alternatives commitments at today’s meeting.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The plan approved two commitments at a board meeting this week.
The plan last conducted a search nearly a decade ago.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.
The plan also made several private markets commitments totaling more than $500 million.