Fixed-Income
The pension plan hired a multi-sector fixed-income manager to replace a core-plus manager in March.
The plan will hire one additional firm in its multi-credit asset class search.
The church pension hired a new core fixed-income manager in addition to investments and co-investments in private equity and real estate in June.
The plan is seeking one or more managers to handle a portion of its short-duration pool.
The RFP will seek one or more short-duration high-yield fixed-income managers.
The pension plan hired the firm based on its favorable returns, low fees, diversification and low correlation to existing active core-plus fixed-income manager Loomis, Sayles & Company.
The fund is searching for firms to provide low duration/short-term fixed-income exposure for a $104 million allocation and is slated to conduct a search later this summer for a manager to handle a new approximately $200 million core bond portfolio.
The city is conducting a search for non-discretionary and discretionary services after launching a similar search in 2021.
Pension has narrowed a search for a complementary manager to three finalists.
The plan is seeking diverse-owned firms to handle short-term TIPS and long-term U.S. government bond managers to preferably run the allocations in passive or enhanced index strategies.