Passive Equity
The retirement fund approved its first commitments to the private credit space after adding a maiden target to the asset class last year.
The plan relaunched a search after initially hiring a firm last year.
The plan has made several changes to its portfolio in recent months.
The plan appears to have terminated its active domestic large-cap equity manager in the second quarter.
The manager hire concludes a domestic all-cap equity index manager search, which the program launched in March.
The retirement system authorized its cio to terminate several public markets investments last month.
The health system anticipates its new general investment consultant, which was hired in the first quarter, will recommend adding new passive investment managers and potentially private investment strategies to its portfolio next year.
The plan also appears to have reissued its private markets consultant RFP.
The retiree health care trust is searching for diverse index fund providers.
The retirement fund made commitments totaling $2.7 billion in August.