Fixed-Income
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.
The pool is seeking the services across two bond investment mandates.
The retirement system appears to be considering alternatives for an underperforming incumbent.
The retirement system rehired its incumbent following a similar search in 2018.