Real Estate
The retirement system committed to three existing manager relationships in the past two weeks.
The university is barring investment decisions that are based primarily on environmental or social factors in light of a new state law, while its outsourced cio looks to increase private real estate allocations.
The plan is seeking value-add/opportunistic real estate and global multi-asset allocation managers.
The pension fund is seeking a manager to handle a diversified real assets strategy that must include commodities, precious metals and infrastructure/real estate.
The plan recently made four private markets commitments totaling $325 million.
The fund will also review a high-yield fixed-income manager search request from staff at its June 13 board meeting.
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.
Cross-border trade between Mexico and the U.S. and inflows of copper-related products stand to continue despite tariff volatility, opening up opportunities for investors.
The current providers will see their contracts expire at the end of this year.
Plan approved initiating a search for real estate managers in March as it winds down another fund.