Fixed-Income
The retirement system will consider hiring two active domestic fixed-income managers and approving a structure for its new private debt portfolio this week.
The plan will interview finalists in November.
The plan selected the managers at a meeting today following RFPs issued in April.
The firm will manage a hard currency mandate for the plan following the issuance of an RFP in the second quarter.
The plan is also slated to discuss alternative asset mixes for its fixed-income portfolio.
The plan elevated its core-plus bond manager to watch status.
Nearly all institutions and wealth managers think fixed-income, where many are underexposed, is more attractive than equities as the threat of recession looms, a new study finds.
The managing director of a Northeastern university has joined a mid-Atlantic-based foundation as v.p. to oversee its public equity, public real assets and public fixed-income portfolios.
The county treasurer’s office expects to issue an intent to award notice in December.
The system approved a recommendation to fully redeem a fixed-income investment from its operating pool and reallocate the proceeds among managers in its long-term pool for liquidity needs.