Real Assets
The plan concluded two manager searches this week.
Investors are planning to increase their allocations to private markets to capture higher returns with the help of external partners like outsourced cios.
The plan will reduce its total alternative and equity targets to fund the new asset class.
The plan will issue RFPs following adoption of a new asset allocation in June.
Plan added $145.4 million in alternatives commitments through the first half of the year.
The fund will further discuss a potential oil hedging program at a future meeting after receiving an education on the intricacies of oil hedging from an investment manager at this week’s board meeting.
Plan added a pair of infrastructure investments totaling $30 million.
Organization consolidated its real assets portfolio with one new manger through the termination of a real assets and real estate manager.
The board terminated three managers to “harmonize” the equity portfolios between its plans.
The plan last committed to Vision Ridge Partners in 2021.