Core-Plus
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The search is only open to domestic core and core-plus real estate managers.
The plan replaced its domestic core-plus fixed-income manager, which had been on watch for underperformance, in the fourth quarter.
The plan hired two core and two core-plus fixed-income managers, including two incumbents, at today’s board meeting.
The search stems from a manager termination approved in September.
The state trust fund has selected a new core-plus fixed-income manager to replace an existing manager following a search initiated last year.
The retirement board wrapped up domestic equity, non-U.S. equity and fixed-income searches at its board meeting this week.
The plan’s investment committee agreed on a recommendation in its domestic core-plus fixed-income manager search.
The plans terminated their mandate with domestic core-plus fixed-income manager Western Asset Management and hired a new record keeper in the fourth quarter.