Fixed-Income
The plan terminated its previous consultant less than one year into its contract.
The retirement system also retained its three core fixed-income managers last week.
The pension plan also made two private equity commitments totaling up to $80 million in June.
The plan is also considering adding risk mitigating strategies.
The retirement system conducted a similar search in 2018 that resulted in a manager change.
The university recently added core fixed-income allocations with an existing manager as part of its goal to divest its portfolios from fossil fuel exposures.
The plan’s investment committee approved a complementary fourth private credit fixed-income manager yesterday.
The board hired an intermediate manager to replace a short-term bond mandate.
The retirement system also approved a search for a multi-asset credit manager at the end of August.
The trust is seeking fixed-income investment advisory services for the management of its restricted and reserve funds.