Core-Plus
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.
The plans hired a new core-plus fixed-income manager in the third quarter.