Fixed-Income
The trust fund will consider adding core fixed-income, international equity and private equity secondaries strategies with new investment managers to its portfolio during its board meeting this week.
The plan is searching for a core fixed-income manager to handle $25 million.
The plan is looking for a firm to handle $20 million.
The plan’s previous core bond portfolio was entirely passively managed.
The plan recently considered replacing its domestic core-plus fixed-income manager due to underperforma
The foundation is looking to allocate to impact or mission-aligned investments across fixed-income and equity markets as it begins to explore similar investments in the private markets.
The changes stem from a new global equity manager structure.
The plan is looking to invest $10 million each with private equity and opportunistic fixed-income managers.
The plan is considering adding core and core-plus fixed-income managers to its portfolio.
There are no immediate plans to allocate funds to the manager but it will be an option for future use if needed.