Fixed-Income
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The plan also terminated a fixed-income manager last month.
The hires follow a search process conducted due to the termination of one of the plan’s fixed-income managers last year.
The plan hired a new core fixed-income manager last quarter.
The plan has issued an RFP seeking multi-asset credit managers.
The foundation is reviewing the target asset allocation of its largest investment pool as well as reviewing the fixed-income manager roster within another pool of assets.
The retirement system’s current bond manager was first hired in 2018.
The retirement system launched a core fixed-income RFP process in September.
The pension fund also concluded a core fixed-income manager search with a hire at this week’s board meeting.
The plan is conducting the search to see what other options are available in the market.
