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West Virginia adds $40 million to 3 hedge funds
trueWest Virginia Investment Management Board invested an additional $40 million and redeemed $9 million in hedge funds since April.
Indiana to launch record-keeper search for annuity plan, allocates $190 million from DB plan
trueIndiana Public Retirement System will reissue an RFP on June 29 for a record keeper for its $7 billion Annuity Savings Plan.
Indiana Public Retirement tweaks asset allocation, boosts risk parity
trueIndiana Public Retirement System on Friday approved a new asset allocation that would hike the targets in the $30.4 billion retirement system's allocations to ex-inflation-linked fixed income and risk parity, and trim its public equities and real estate targets.
Texas County & District sets $30 million for Brazil private equity fund
trueTexas County & District Retirement System, Austin, committed $30 million to Axxon Brazil Private Equity .
Neuberger Berman to acquire Merrill Lynch private equity funds of funds
trueNeuberger Berman is buying the management rights to about $1 billion in private equity funds of funds managed by Merrill Lynch Alternative Investments
Illinois Teachers to launch private equity co-investment consultant search, allocates $590 million
trueIllinois Teachers’ Retirement System will initiate a search for three private equity co-investment consultants in early July.
New Jersey hires TorreyCove as primary private equity consultant
trueNew Jersey Division of Investment hired TorreyCove Capital Partners as private equity consultant for the $79.2 billion New Jersey Pension Fund.
Tulare County chooses 3 finalists for hedge fund-of-funds search
trueTulare County Employees’ Retirement Association named three finalists in its search for a hedge fund-of-funds manager.
Impact investing private equity funds don't necessarily sacrifice returns — study
trueInvesting in a private strategy that pursues social impact objectives will not always mean investors lose out on returns, but it does depend on the size and geographic target of the fund, said new research by Cambridge Associates and the Global Impact Investing Network.
CalSTRS launches search for hedge fund consultant
trueCalifornia State Teachers’ Retirement System is searching for a hedge fund consultant.
El Paso City Employees puts $25 million in private equity fund of funds
trueEl Paso (Texas) City Employees’ Pension Fund committed $25 million to Portfolio Advisors Private Equity Fund VIII, a private equity fund of funds.
Ohio School Employees invests in European bank hedge fund strategy
trueOhio School Employees Retirement System made a direct hedge fund investment of $25 million in Oceanwood Peripheral European Select Opportunities Fund, a European bank multistrategy fund managed by Oceanwood Capital Management.
Washington State Investment Board sets $500 million for timber, infrastructure
trueWashington State Investment Board hired Twin Creeks Timber to manage $300 million in timberland and committed $200 million to ISQ Cube Hydro Co-Investment Fund.
Illinois State Board commits $30 million each to private equity, real estate funds
trueIllinois State Board of Investment committed $60 million to two alternative investment funds.
North Carolina picks Neuberger Berman to run emerging managers private equity program
trueNorth Carolina Retirement Systems hired Neuberger Berman to run a new $200 million program for small and emerging private equity managers.