Fixed-Income
The plan will also receive an update in its ongoing domestic small-cap core equity and global fixed-income manager searches next week.
The pension plan has replaced its domestic core-plus fixed-income manager due to personnel changes and underperformance.
The fund approved the addition of core fixed-income, international equity and private equity secondaries investments during its board meeting last week and is slated to consider combining two of its ten investment pools later this month.
The search, initially launched in 2022, has been on hold amid board changes.
The plan launched two manager searches after approving a new asset allocation last month.
The pension plan approved three commitments with an existing manager relationship last week.
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.
The plan is searching for a core fixed-income manager to handle $25 million.
The plan is looking for a firm to handle $20 million.
The plan’s previous core bond portfolio was entirely passively managed.