Missouri Local Government Employees Retirement System, Jefferson City, disclosed new manager hires and commitments totaling $292 million.
The $7.5 billion pension fund hired AJO to manage $85 million in its rebound value strategy, which was co-developed by LAGERS and AJO to "capitalize on the massive disparity of returns within U.S. equities during the months of March and April," according to a news release Monday.
The pension fund also disclosed commitments of $75 million to Stonepeak Infrastructure Partners IV; €60 million ($67 million) to FSN Capital VI, a Nordic region buyout fund; and $65 million to Portfolio Advisors Secondary Fund IV, a secondary private equity fund.
The pension fund previously committed $100 million to Stonepeak Infrastructure Partners III, 611 Swedish kroner ($65 million) to FSN Capital V, and $75 million to Portfolio Advisors Secondary Fund III.
As of March 31, the actual allocations to real assets, public equities and private strategic investments were 37.4%, 19.5% and 4.3%, respectively.
Brian K. Collett, chief investment officer, could not be immediately reached for further information.