The pension fund will reinvest in public or private markets after reducing an absolute return mandate.
Plan funded a new international equity manager and added alternatives commitments in October.
The new v.p.s and associates will be based in New York or Los Angeles.
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.
A teachers pension fund in the South has earmarked $630 million to real assets and private equity.
Plan would launch search in 2021 and the incumbent will be welcome to rebid.
A Southeastern state pension plan disclosed several new private commitments at a board meeting today.
She will focus on advisory, secondaries and co-investment practices.
A Northeastern state pension plan approved private equity and real estate commitments at today’s board meeting.