Searches And Hires
The retirement association was notified of a hedge fund commitment and real assets reallocation last week.
The pension plan committed $5.75 million to a new manager relationship in November.
The agency is seeking an investment consultant to advise on its two portfolios, including monitoring manager performance, conducting asset allocation reviews and recommending investment policy improvements.
The plan has lined up 2026 searches for real assets, real estate and private credit managers.
The plan will put more than $14 billion out for bid.
The plan’s emerging markets large-cap core equity manager had been on watch due to underperformance.
The state launched a similar search for services late last year.
The plan also disclosed $30 million in second quarter alternatives commitments at this week’s board meeting.
The retirement system will consider replacing its active domestic mid-cap growth equity manager.
The university approved forming a new for-profit company in partnership with a private equity firm to help support its athletics department.