Fresh off its nearly 16% annual investment return, the Virginia Retirement System (VRS) has allocated nearly $2 billion to asset managers within the credit, real assets and equity exposures, confirmed plan spokeswomen Jeanne Chenault.
In addition to adding Mercer as a new real estate investment consultant, the Indiana Public Retirement System (INPRS) has agreed to terminate or redeem assets from a slew of managers in the public equity, absolute return and alternative asset classes.
Connecticut Treasurer Denise Nappier announced Starwood Capital Group Global will receive an up to $100 million commitment from the Connecticut Retirement Plans and Trust Funds (CRPTF).
A new asset mix, along with manager terminations, could be on the way at the San Francisco Employees Retirement System (SFERS) Board documents indicate.
Trustees and investment staff for the University of Kentucky (U.K.) are currently considering direct hedge funds and real estate options to help bring its endowment pool up to investment targets, plan documents indicate.