Manager Selection
Illinois Police Fund Seeks Credit Manager
The pension, which plans to build out a private credit strategy, approved a request for proposal for a manager.
The $260 billion pension giant also allocated $1.6 billion across a variety of investments in March.
The 2.2% investment performance did not seem to matter, although a Nasdaq eVestment report shows that the outflows were concentrated in a few large funds.
The pension fund committed nearly $500 million to real assets during the month.
The $280 billion retirement fund allocates the majority of its $4 billion in total monthly investments to real estate funds.
The pension fund increases its private equity investments while cashing out $500 million within its public equity portfolio.
Silos must be axed to enhance communication, argues strategist Rubin.
The Common Retirement Fund also earmarks investments in absolute return and credit.