Hedge Funds
Under today’s conditions, many nonprofits and allocators are looking at other macro trends — especially the advancement of artificial intelligence technologies and concomitant demand spike for energy and infrastructure — that bode well for their alternatives allocations.
The pension plan is seeking several managers to handle a yet-to-be-determined mandate.
The plan also placed two investment managers on watch last month.
The plan also received a hedge fund search report that includes 22 responses.
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
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 pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The retirement association also made real estate commitments and a hedge fund redemption this quarter.
The plan will look to hire five firms after launching a search in January.