The $6.3 billion San Bernardino County (Calif.) Employees’ Retirement Association is making good on its 4% allocation to credit strategies.

The $8.5 billion San Diego County Employees Retirement Association is currently searching for four to six managers for its newly implemented active commodity program.

The $782 million San Luis Obispo County (Calif.) Pension Trust last month unveiled its new asset allocation mix, which should give hedge fund and private equity managers a few million reasons to smile.

U.S. pension funds are following in the footsteps of endowments and foundations by ramping up their alternatives portfolios while cutting down on equity and fixed-income allocations.

Another public pension is taking the plunge into the world of private equity and hedge funds.

The $11.1 billion Ohio School Employees Retirement System last month approved investments in two hedge funds, bringing the number approved to date to 25.

The $11.4 billion Los Angeles City Employees' Retirement System is making its first investments in 130/30 strategies, with commitments to two incumbent long-only managers who also have 130/30 strategies in their portfolios.

The $670 million Plymouth County Retirement Association has issued a request for proposals from fund of hedge funds managers for a mandate of up to $35 million. Separate account managers need not apply.

Some key requirements for prospective managers include at least five years’ performance history, registration with the Securities and Exchange Commission and at least $400 million in assets under management as of March 31.

The Kansas Public Employees Retirement System is looking for portable alpha managers to provide beta overlay management services to the $14 billion pension fund.

Hedge funds and private equity funds are not the only ones beating the cleantech drum.