Real Assets
The termination comes after the plan reduced its risk parity allocation as part of a new policy approved in April.
The retirement system made investments of $100 million each to “fixed-income replacement” and infrastructure funds this week.
The search comes after the plan increased its target to the asset class by 2%.
The plan disclosed recent activities from its investment committee meeting this month.
The pension fund’s board approved up to $550 million across two commitments at a meeting today.
The university approved four private equity commitments, including one with a new manager, as well as a private real assets commitment at its June investment committee meeting.
The retirement system also disclosed commitments totaling roughly $2.5 billion at the meeting.
The retirement system doubled its target to value-add real estate at a board meeting today.
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
The firm terminated a roughly $100 million mandate and will use the proceeds to support benefit payments and fund capital calls.
