GTAA
The retirement system authorized its cio to terminate several public markets investments last month.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
The pension plan will liquidate its entire domestic equity roster.
The search is a result of a new asset allocation.
The pension plan recently committed approximately $7.4 billion total to six funds and terminated 12 existing strategies.
The plan opted to liquidate its 10% allocation and reallocate the proceeds to fixed-income.
The plan increased its core bond target as part of asset allocation changes approved at last week’s meetings.
The plan authorized two private equity fund-of-funds searches and terminated two managers within its diversified strategies portfolio as the result of a new asset allocation policy.
The plan’s incumbent manager was first hired in 2004.
The plan committed $8 million each to a private equity fund-of-funds and a managed income strategy in October.