Fixed-Income
The plan issued an RFP in December for a firm to manage a $350 million mandate.
The firm interviewed two finalists at yesterday’s board meeting.
The deferred compensation plan also replaced its multi-strategy real estate manager last week.
The retirement plan eliminated its floating rate bonds target allocation as part of a newly adopted policy last month.
The deferred compensation plan will also consider replacing its multi-strategy real estate manager this week.
The city has reissued an RFP seeking managers for its investment accounts that have an aggregate market value of approximately $6.8 billion.
The plan bolstered its private real assets portfolio with three commitments today.
The district is seeking a full-time non-discretionary investment advisor.
The pension plan approved the addition of three new strategies with its retirement plan fund lineup at its March meeting.
The plan hired a new bank loan manager due to personnel turnover at the incumbent firm.