Fixed-Income
The plan has made several changes to its portfolio in recent months.
The asset classes were recommended by the OPEB trust’s new general investment consultant.
The plan added a new fixed-income manager to its investment lineup during the second quarter.
The retirement system will also launch a search for private credit managers next year.
The plan will replace its core-plus and global opportunistic bond managers.
The plan instructed its consultant to prepare an analysis of alternative firms to its incumbent core-plus bond manager.
The deferred compensation plan will conduct a search to add a complementary manager to its U.S. bond option.
The retirement association will look to fill new targets to non-core infrastructure and TIPS in the first half of 2025.
The district last issued an investment advisor RFP in 2018.
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.