Real Assets
Alternatives will play an even more critical role in helping nonprofits reach spending plus inflation targets in 2021 as they seek income and downside protection that low-yielding bonds markets and equity markets cannot.
The plan’s incumbent real estate consultant did not respond to an RFP issued due to its contract expiration.
He will be involved with sourcing, due diligence, monitoring and assisting portfolio advisors.
A West Coast pension plan amended its sub-asset class target allocations within its real assets portfolio at the recommendation of staff and its investment consultant.
A Midwestern pension plan adopted a new asset allocation policy as recommended by its investment committee.
A Midwestern pension plan terminated its active large-cap equity managers to fund mandates with three new global equity managers hired following an RFP search.
A Mid-Atlantic plan disclosed $500 million in recent private markets commitments at this week’s board meeting.
Action will see plan expand its emerging manager program target to $1 billion from $750 million.
The plan is searching for small-cap firms for a domestic equity portfolio that is entirely with large-cap managers.