Core-Plus
The termination request stems from the ongoing issues related to the SEC investigation and leave of absence by Co-CIO Ken Leech.
The water authority retirement plan replaced its domestic core-plus fixed-income manager in May due to underperformance.
The termination recommendation stems from fixed-income structural changes approved last summer that eliminated sub-asset class targets in core-plus and high-yield.
The retirement plan replaced its domestic core-plus fixed-income manager yesterday.
The plan interviewed two core-plus fixed-income managers at a board meeting last week.
The retirement plan replaced its domestic core-plus fixed-income manager following a bond manager review in May.
The retirement system approved an active international equity manager RFP last week.
The pension plan terminated its incumbent domestic core-plus fixed-income manager last month due to underperformance.
The pension plan has replaced its domestic core-plus fixed-income manager due to personnel changes and underperformance.
The pension plan received a recommendation to hire a real estate manager last month.