Benchmarks are a key part of the discussion as investors look for ways to quantify the funds’ contributions of different exposures to generate returns.
The $273 billion New York State Common Retirement Fund committed $2.3 billion to the asset class during March and May alone.
The endowment’s new investment chief previously held the role at the South Carolina Retirement System Investment Commission.
The asset manager’s wealth solutions arm announced it will acquire the defined benefit insurer for $3.17 billion.