Fixed-Income
The plan hired a convertibles manager within its non-core fixed-income portfolio last quarter.
The city last issued an RFP for the services in 2016.
The plan approved a core-plus fixed-income manager search and terminated its hedge fund-of-funds mandate as the result of a new asset allocation policy.
The global firm has added several senior staff members to its Singapore-based fixed-income team in recent months.
The plan expects to issue the RFP later this month and make a selection in the third quarter.
The incumbent manager was first hired in 2015.
The plan will consider active core and core-plus fixed-income manager hires in May as a result of a new asset allocation that also eliminated its 2.5% risk parity target yesterday.
The board will consider hiring a new public markets consultant later this month.
The plan’s incumbent was first hired in 1997.
The plan made the hires after restructuring its international equity and U.S. fixed-income manager portfolios.