Fixed-Income
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.
The foundation is seeking an analyst to join its four-person public investments team.
This marks the retirement system’s third search attempt to fill an approximately $1.2 billion expected allocation.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The search for due diligence purposes and the plan currently has three incumbent managers.
The pension plan made a core bond investment as well as an infrastructure commitment totaling $210 million last week.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
Two anonymous private pension plans are seeking core-plus fixed-income managers.
The plan interviewed a total of five finalists at yesterday’s board meeting.
The internal investment pilot is part of the board’s efforts to enhance investment outcomes.
