Real Assets
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.
The state plan will invest up to $1 billion with portable alpha managers in 2021.
The private commitments include two to new firms and one to an existing manager.
A teachers pension fund in the South has earmarked $630 million to real assets and private equity.