Searches And Hires
The pension system will hear recommendations to add infrastructure and drop commodities, among other changes, at this week’s board meeting.
The plan added a $60 million commitment to a new manager in May.
The pension plan’s new private credit manager will handle a $30 million allocation.
The retirement association is considering the two asset classes to replace its commodities portfolio.
The plan will receive information on three real estate managers at its November meeting, which will also see a presentation from an underperforming domestic equity manager.
The plan’s board will hear presentations from four domestic core fixed-income finalists next week.
The pension plan hired a new domestic small- to mid-cap value equity manager and made commitments totaling $980.4 million in June.
The searches come as the plan looks to increase the amount of active management in its global equity and U.S. small- to mid-cap equity portfolios.
The retirement system added $50 million to a direct lending partnership last week.
The pension plan funded its second separate account mandate for the global equity emerging manager program in June.