Fixed-Income
The county is seeking one or more domestic fixed-income firms to manage a portion of its operating and sales tax portfolios.
The retirement system is seeking firms to handle a total allocation up to $1.2 billion.
The organization has hired a director of public markets to oversee its public equity and fixed-income portfolios.
The plan is seeking a passive global inflation-linked fixed-income manager to handle approximately $850 million.
The pension plan will conduct an invitation to bid to fill its 25% public real return allocation.
The pension plan terminated its incumbent domestic core-plus fixed-income manager last month due to underperformance.
The searches follow asset class reviews by the plan’s general investment consultant.
The plan will also receive presentations for potential real estate and private credit commitments at its next meeting.
The office has issued an RFP seeking investment management services for two separate externally managed fixed-income pools totaling nearly $600 million.
The plan approved adding a dedicated high-yield component earlier this year.