Fixed-Income
The state investment management board is searching for a long-only separate account manager for the asset class.
The pension fund’s 3% portfolio to the asset class is currently held in an index fund.
The plan hired two diverse-owned bond managers to complete a search launched earlier this year.
The retirement system hired two active domestic fixed-income managers and approved a structure for its new private debt portfolio today.
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.