Real Assets
The plan will interview two international equity managers next week to replace its underperforming incumbent.
The retirement system introduced a 3% public real assets target and made two private equity commitments in February.
The retirement fund disclosed commitments totaling roughly $2.1 billion in May.
The commitments include two new manager relationships.
The pension plan will conduct an invitation to bid to fill its 25% public real return allocation.
The plan launched a search for open-ended infrastructure managers in March.
The plan also approved a new international equity structure and a real estate pacing plan at today’s board meeting.
The pension plan selected nine real assets equity managers for possible inclusion within its investment lineup today.
The pension plan liquidated its approximately $1.9 billion international equity mandate and made commitments totaling $108 million in April.
The pension plan has selected one firm to provide hedge fund, credit and real assets consulting services.
