Real Estate
The plan approved a new real estate manager structure that factored in the implementation of a recent manager hire and adopted a new asset allocation last month.
The plan is seeking one or more firms to provide non-discretionary consulting services for three asset classes.
The institution selected a climate reporting consultant following a search from February and added hedge fund and real estate investments with existing managers during the first quarter.
The plan will issue an RFP for ACWI ex-U.S. managers in the coming weeks.
The plan will hire one additional firm in its multi-credit asset class search.
The plan committed to new funds by exiting managers at a meeting last week.
The plan will consider two funds from existing managers.
The changes include increases to the plan’s core real estate and infrastructure targets and subsequent searches.
The RFP will seek one or more short-duration high-yield fixed-income managers.
The system will introduce a target to rebalancing leverage as part of a new long-term asset allocation policy for its defined benefit plans and hired a record keeper on behalf of its eight defined contribution plans yesterday.