Fixed-Income
The plan is searching for daily liquid opportunistic managers.
He will manage total return fixed-income strategies.
Plan will seek board approval for international equity and U.S. fixed-income portfolio structures that would see new manager additions this week.
The plan is in the early stages of evaluating its long/short equity, absolute return and fixed-income credit portfolios.
The fund is seeking subadvisors to manage assets for its investment pool.
He was most recently a partner and portfolio manager at Ares Management.
The plan last rehired Galliard Capital Management in 2017.
The university approved a new investment policy statement in the first quarter that included the addition of commercial mortgage-backed securities to its list of eligible fixed-income investments.
The plan, which eliminated target allocations and terminated a manager within its stable value fixed-income option today, will see its executive director depart on Dec. 2.
The plan recently committed $348.5 million total to two existing managers and terminated a high-yield fixed-income manager.