Core-Plus
Institutional investors have steadily re-entered the core and core-plus real estate space over the last few quarters, with a long stretch of positive performance among the reasons factoring into the decision to step off the sidelines.
The board also disclosed a fixed-income manager termination last week.
The trust recently hired managers to fill its maiden targets to listed infrastructure and listed REITs.
The retirement system approved a contract with a domestic core fixed-income manager last month.
The recommended hire of an additional active core-plus manager comes after the decision to implement an all-active approach.
The deferred compensation plan also replaced its multi-strategy real estate manager last week.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.
The deferred compensation plan will also consider replacing its multi-strategy real estate manager this week.
The health care trust hired an additional core-plus fixed-income manager while swapping out another at this week’s board meeting.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
