Fixed-Income
The institution is searching for an investment manager for public markets to participate in all aspects of its investment process from identifying and evaluating new investment opportunities through conducting due diligence meetings with potential managers.
Pension division issued an intent to award notice in a high-yield fixed-income manager search launched in 2021.
The pension plan is seeking passive index and transition advisory services as it readies a long-awaited transition out of a larger fund.
The retirement plan is looking to replace an existing core-plus fixed-income manager.
The plan hired a manager to implement its maiden 3% target to private debt as part of a new asset allocation policy in March.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in February.
The plan will hire an additional firm in August as part of its multi-asset credit search.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group after receiving an annual share class review in February.
The fund wrapped up its search for a firm to provide fixed-income investment management services for its portfolio at its May board meeting, selecting a firm over six others based on its fees and past performance.
The program approved changing an underlying emerging market det fund within its lineup due to outperformance and its investment consultant’s bias toward active management in the less efficient asset class.