Fixed-Income
The university is seeking an investment manager to handle a highly liquid, short-term investment vehicle comprised of fixed-income investments that are intended to link closely with its existing daily cash receipts and payments systems.
The foundation is seeking an investment associate focused on public equity and fixed-income to assist in the development and implementation of portfolio strategies.
The fund approved consolidating its public credit portfolio into a passive U.S. aggregate bond index to improve operational efficiency, reduce fees and reduce active risk at its March board meeting.
The plan also recently replaced its domestic mid-cap growth equity manager and is nearing a small-cap value manager hire.
The retirement system has hired four global multi-sector fixed-income and three passive equity managers in recent months.
The fund will consider consolidating its public credit portfolio into a passive U.S. aggregate bond index to improve operational efficiency, reduce fees and reduce active risk at its board meeting this month.
The plan will move the assets with the state investment trust.
The deferred compensation plan replaced its domestic core-plus fixed-income manager yesterday due to underperformance.
The plan invested $500 million each with two core fixed-income managers at today’s board meeting.
The foundation is eyeing more impact investments this year as it also reviews its fixed-income allocations.
