Fixed-Income
The university added two managers from its endowment to its watchlist in the second half of 2024 due to staff changes.
The deferred compensation plan hired an active domestic core fixed-income manager to complement its U.S. bond option today.
The retiree health care trust fund is interested in complementing or replacing its existing core-plus bond managers.
The plan eliminated its TIPS target as part of a new asset allocation policy approved in March.
The retirement system diversified its domestic bond portfolio with the investment on April 1.
The pension system also reviewed a private equity pacing plan last week and sent out an invitation only multi-asset credit RFP in April.
The state trust fund approved a new asset allocation, increasing its fixed-income target at the expense of equities.
The retirement system shifted away from non-core fixed-income as part of changes approved at today’s investment committee meeting.
The pension fund is scheduled to review a draft RFP at next Thursday’s board meeting.
The selections conclude RFPs issued by the commonwealth in early 2024.