Fixed-Income
The plan instructed its consultant to prepare an analysis of alternative firms to its incumbent core-plus bond manager.
The deferred compensation plan will conduct a search to add a complementary manager to its U.S. bond option.
The retirement association will look to fill new targets to non-core infrastructure and TIPS in the first half of 2025.
The district last issued an investment advisor RFP in 2018.
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.
The plan had placed Western Asset Management on watch earlier this year.
The retirement fund currently works with fixed-income consultant RVK.
The plan terminated a manager that has been axed from several other pension funds in recent weeks.
The plan is seeking firms to handle an approximately $95 million mandate.
The plan also terminated its mandate with Western Asset Management at today’s board meeting.