Searches And Hires
The health system anticipates its new general investment consultant, which was hired in the first quarter, will recommend adding new passive investment managers and potentially private investment strategies to its portfolio next year.
The plan also held finalist interviews with three large-cap value equity managers last month.
The foundation liquidated a core-plus fixed-income mandate and replaced two emerging markets equity managers in the third quarter.
The plan conducted a liquid credit manager search after approving a new asset allocation policy earlier this year.
The pension plan made $734.7 million in total private equity/current return commitments and $321 million in total real estate commitments in the third quarter.
The plan is looking to commit a total of $50 million to multiple funds focused exclusively on residential real estate.
The city anticipates allocating $1 billion in pooled cash resources between two firms and the state local government pool.
The foundation added two new small-cap equity strategies during the second quarter through full and partial redemptions from two existing small-cap managers.
The recently disclosed commitments consist of private equity, private credit and private infrastructure funds.
The pension plan has committed $70 million to a new credit manager relationship.