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The firm has closed its seventh flagship real estate fund with $354 million in capital commitments.
Hedge funds overall may not have the panache today that they held in the early aughts but institutions continue to find these strategies to be beneficial in providing portfolios with the best risk-adjusted returns in today’s market and the future.
The plan has made several changes to its portfolio in recent months.
The authority is seeking the services on behalf of its defined benefit, 457(b) and 401(a) plans.
He has been with the firm since 2018, most recently as senior managing director for global origination.
The direct lending fund exceeded its initial fundraising target.
The retirement system retained its equity manager and let go of its incumbent fixed-income manager.
Director of Asset Allocation and Strategy Michele Mazzoleni departed the plan last month.
The retirement fund disclosed commitments totaling $4.5 billion in September.
The plan added commitments in the private equity, credit and real estate asset classes.