Fixed-Income
The plan has launched a search seeking active core and core-plus fixed-income strategies.
The nonprofit hired new and existing fixed-income managers to help manage four of its investment pools after issuing an RFQ last year due to the contract expirations of its incumbent providers.
The fund hired 14 fixed-income managers, including four new firms, to handle a portion of its portfolio after issuing an RFQ last year due to the contract expirations of the incumbent providers.
CPERA completed its fixed-income unitization project, which will reduce investment management fees for participants of its defined contribution plans.
The board terminated three domestic fixed-income strategies, which handled $1.2 billion total across its three plans.
The plan will receive a list of active duration fixed-income managers next month.
He will focus on investment-grade credit for the specialized fixed-income investment team.
The portfolio manager joined the firm this month and is responsible for overseeing global bond portfolios.
The plan hired an existing manager to temporarily handle a roughly $70 million allocation and announced the promotion of an investment officer at a meeting yesterday.
The plan began a search last year to complement its core-plus manager.