A California pension plan approved a non-core real estate commitment in line with its fiscal year 2022 pacing plan.
A university in New England will not directly invest in companies that explore for or develop fossil fuels and will refrain from indirect investments in funds with holdings in the fossil fuel industry going forward.
The hires conclude a strategic fixed-income implementation plan.
The plan will seek active mid-cap equity managers to handle up to $2 billion.
The plan approved a maiden 5% allocation to infrastructure at a meeting last week.
Plan’s investment committee approved a pair of real assets commitments subject to full board approval next week.
The plan will interview six firms in November as part of two ongoing real asset manager searches.
Plan will retain its existing investment consultants as the result of a search launched last quarter.
Hires stem from a newly adopted asset allocation.
The plan invested $1.2 billion total in three global growth equity managers during the second quarter.