Hedge Funds
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.
The plan will also terminate two existing hedge fund managers.
The plan will seed a new strategy headed by a former senior managing director.
The changes aim to improve portfolio quality for the retirement system’s domestic equity sleeve with several terminations and hires.
The firm hired a director of strategic relations to represent its equity and multi-asset solutions with institutions on the West Coast.
