Fixed-Income
The retirement plan also terminated a core-plus fixed-income manager.
The retirement system agreed to hire a new core fixed-income manager at today’s meeting.
The treasury will issue an RFP next year for its liquidity and reserve accounts.
The retirement system is seeking one or more managers to handle a mandate expected to range from $200 million up to $400 million.
The pension system will hear a recommendation to interview three finalists in an ongoing active core fixed-income manager search.
Fund is seeking a firm to serve as co-fiduciary and provide full service non-discretionary investment consulting services for its private markets portfolio mandates.
The plan is seeking firms providing long-only convertible bond products and will consider U.S. and global strategies.
The plan also eliminated its global equity and emerging market debt targets.
The state trust fund has selected a new core-plus fixed-income manager to replace an existing manager following a search initiated last year.
The deferred compensation plan is looking to add a complementary manager to its U.S. bond option.