Real Assets
The retirement systems also eliminated global low volatility and TIPS allocations earlier this year.
The retirement fund also disclosed approximately $1.6 billion in alternatives commitments made in July.
The institution will look to increase its commitments to private real assets over the next two years after adding a private real assets strategy within its endowment at its investment committee meeting last week.
The plan also made two private markets commitments today.
The search will be opened to high-yield corporate debt, leveraged loans, securitized credit and convertible bond strategies.
The pension plan committed $200 million to real assets and real estate funds last week.
The pension plan introduced a 10% private markets target, which consists of one-third real estate/real assets, last year.
The retirement system approved a $60 million public real assets commitment in May.
The plan also terminated eight managers as part of a public equity implementation.
The retirement plan is screening for managers in the securitized credit, short-term investment grade and bank loan asset classes.