Hedge 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.
The plan will also terminate two existing hedge fund managers.
The plan will seed a new strategy headed by a former senior managing director.
