Hedge Funds
The plan disclosed new commitments totaling $525 million at its board meeting last week.
The search will be conducted to replace a recently terminated hedge fund manager.
The plan added commitments with two new hedge fund managers and two existing real estate managers this summer.
The plan also reviewed proposed alternatives commitments of up to $995 million this week.
The retirement plan made two commitments following finalist interviews yesterday.
The plan also renewed several of its investment consulting contracts at today’s board meeting.
The pension plan recently made two commitments totaling $548.9 million.
The investment board’s current consultant will see its contract expire in June.
Report finds artificial intelligence advancements have improved how hedge funds invest, but human judgment remains vital to investment decision making.
The retirement system previously authorized a change to its $37 million investment with the hedge fund manager at a Feb.19 meeting.