Fixed-Income
A Rocky Mountain pension plan liquidated a high-yield fixed-income investment and moved the assets to an existing core bond manager at an August board meeting.
A trustee has expressed concern over the universe ranking of the plan’s incumbent bond manager.
A trust fund in the Midwest will look to remove fixed-income strategies at its board meeting today as it looks to add new fixed-income mandates.
A West Coast pension plan approved issuing a global extended credit RFP to potentially replace another manager today.
The plan eliminated its risk parity allocation and boosted its multi-sector bond portfolio to allow for both traditional and opportunistic investments.
A Midwestern state pension plan disclosed a hire in a cash overlay search launched in December.
A pension fund in the Mid-Atlantic region has hired a new emerging market debt manager after interviewing three firms.
The plan opted to hire one core manager to handle a $240 million portfolio, replacing its two existing incumbents, at a board meeting yesterday.
A Northeast pension system has initiated a search for managers-of-managers to handle long-only domestic fixed-income portfolios.
A Texas-based pension plan opted for a new manager to fill its maiden emerging market debt allocation after significant changes at last month’s original selection.