Real Estate
The pension plan was notified of seven commitments totaling $2.2 billion at its Dec. 11 board of investments meeting.
The deferred compensation plan replaced two equity managers, which had been on watch, yesterday.
The retirement fund will be looking to add an equity long/short strategy to its hedge fund portfolio in the first quarter.
The trust fund added core-plus real estate fund this month as it looks to increase its exposure to manufactured housing and residential real estate.
The pension plan expects to issue an RFP to potentially replace a terminated core real estate manager next year.
The retirement system expects to launch an emerging markets small-cap search before the end of the year and a broad emerging markets search next year.
The pension plan made a $24 million commitment to an existing real estate manager relationship in October.
The plan is looking to invest up to $450 million with qualified managers.
The plan also made several private markets commitments totaling more than $500 million.
The retirement fund committed $100 million across three strategies last month, concluding a search initiated in May.