Hedge Funds
The plan has issued an RFP seeking non-discretionary consulting services.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The pension fund also added several private markets commitments in recent months.
The university added a new hedge fund manager and committed to an existing private equity manager within its endowment in the third quarter.
The plan is looking to invest $350 million with multi-strategy hedge fund-of-funds managers.
The plan made a private equity commitment and approved a hedge fund redemption at today’s board meeting.
The pension plan approved a new asset allocation policy that introduced a new asset class and eliminated two existing asset classes last week.
The pension plan has eliminated three asset classes as part of a newly approved asset allocation policy.
The consulting firm is conducting the search on behalf of a public fund client.
The plan also terminated three managers last week.