Fixed-Income
The plan will also search for private debt and infrastructure managers later this year.
The plan is seeking two to four managers to evenly split an approximately $1 billion allocation.
The retirement system also made two private equity commitments last month.
The recommended hire of an additional active core-plus manager comes after the decision to implement an all-active approach.
The pension plan eliminated its floating rate bonds target as part of a newly approved asset allocation last month.
The pool issued an RFP for the services in September.
The organization’s office of investment management has issued an RFI seeking information on general consulting services to assist in investment managers’ searches and other services.
The foundation added fixed-income strategies with an existing manager and a new international large-cap equity manager to its portfolio in the second half of 2025.
The plan approved recommendations to add new international bond, real estate and high-yield bond funds as underlying investment options during a February board meeting.
The retirement plan approved a private infrastructure manager search to handle a potential 4% target allocation in December.
