Fixed-Income
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.
The plan now has two high-yield fixed-income managers on watch.
The plan is searching for a manager to handle a portfolio of PBGC Special Financial Assistance assets.
The search is open to separate accounts, commingled funds and mutual funds.
The foundation amended its asset allocation policy, removing its allocation to special purpose acquisition company assets, and added several commitments within its endowment during its second quarter investment committee meeting.
The fund expects to hear a recommendation to fully redeem a short-duration fixed-income investment in its operating pool and redeploy the assets among existing managers within its long-term pool.
The plan terminated an opportunistic mandate for performance reasons last week.