Real Assets
The plan approved three alternatives commitments at its board meeting last week.
The retirement system introduced TIPS and eliminated its low volatility and public real assets targets as a result of a new asset allocation policy.
The search for due diligence purposes and the plan currently has three incumbent managers.
The retirement system disclosed infrastructure and credit commitments totaling $300 million at today’s board meeting.
The retirement system approved two infrastructure commitments at its investment committee meeting yesterday.
The retirement system is searching for active diversified commodities investment management services.
The plan’s current real assets manager was first hired in 2018.
The pension plan also made a real assets commitment this week.
The pension plan made a core bond investment as well as an infrastructure commitment totaling $210 million last week.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.