Core-Plus
The new structure introduces a target to short-duration fixed-income and eliminates the plan’s passive core fixed-income target.
Plan’s investment committee selected one core fixed-income manager and one core-plus bond manager at today’s meeting.
The trust’s incumbent consultant is on a six-month contract.
The plan will issue a general investment consultant RFP due to an upcoming contract expiration and conduct an asset allocation study to consider eliminating its risk parity asset allocation.
The plan will begin with a mid-cap growth equity manager search in January.
The state’s defined contribution plan is seeking a core-plus fixed-income manager.
Plan will seek board approval for international equity and U.S. fixed-income portfolio structures that would see new manager additions this week.
The plan will seek a core fixed-income manager next year and recently terminated a REIT manager to fund a new private real estate mandate.
The search is open to core and core-plus real estate managers.
The plan is seeking complementary core and core-plus fixed-income managers to split its bond portfolio.