Plan moved a domestic small- to mid-cap equity mandate to a passive account and added a real estate commitment.
She will work to expand the New York-based firm’s sales coverage across a variety of asset allocators throughout the U.S.
The plan will look to invest in two real estate funds to bring its allocation back up to 5%.
The current cio is retiring at year-end.
He will select the most attractive risk-adjusted real estate strategies globally.
Plan made several real estate, private equity and credit commitments in recent months.
The plan expects to issue an RFP for real estate managers this year or early next year.
The plan added three commitments yesterday.
A fund in the South revised the target asset allocation for its portfolio in April, increasing its targets to infrastructure at the expense of energy investments.
Plan will add three commitments across credit and real estate following review at today’s state investment council meeting.