Fixed-Income
The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
The plan is seeking a firm to handle a $15 million mandate and provide uncorrelated returns to both equity and fixed-income markets.
A university based in New England approved new allocation targets for two of its portfolios.
The plan approved criteria for its short-duration fixed-income manager search and made an opportunistic real estate commitment for pacing purposes last week.
The plan made a change in domestic core bond managers due to underperformance from its incumbent.
The plan’s former executive director has retired.
The plan will conduct fixed-income searches after approving a new target asset allocation that substantially increases its portfolio at a board meeting this week.
The plan expects to conclude the search process in the third quarter.
The plan asked its general investment consultant to prepare a search after an asset allocation discussion at today’s board meeting.
The plan increased its core bond target as part of asset allocation changes approved at last week’s meetings.