Hedge Funds
The fund is searching for a director of hedge fund investments as well as an associate for private equity funds to assist in the oversight and management of its portfolio.
The retirement association also recently committed $205 million across six new funds.
The pension fund’s outsourced cio disclosed a pair of manager removals in the first quarter.
The plan also terminated two underperforming domestic equity managers.
The institution added new developed markets, emerging markets equity and hedge fund strategies within its investment portfolio during the first quarter following several redemptions from existing managers.
The retirement system also recently approved a maiden private credit commitment.
The retirement plan terminated a global macro hedge fund manager in the first quarter.
The pension plan also redeemed an alternatives manager at a board meeting today.
The plan disclosed recent activities from its investment committee meeting this month.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
