The asset classes can provide significant diversification and are uncorrelated with other fixed-income investments.
While the industry is forever changed following the pandemic, portfolio managers expect a rebound ahead.
The $267.7 billion pension giant cashed out of $3.8 billion worth of equity investments in March and April alone.
The $260 billion pension giant also allocated $1.6 billion across a variety of investments in March.
The School Employees Retirement System of Ohio topped its benchmark and raised its asset value to $17.8 billion.
The portfolio’s market value dropped by more than $2 billion last year to $20.2 billion.
Notable among the pension giant’s outlays was a $1 billion investment in a fund managed by Khosla Ventures.
The pension giant’s portfolio rose to $452.6 billion, but missed its benchmark by more than 100 basis points.