Fixed-Income

The plan hired a new emerging market debt blended currency manager at the meeting, which also included discussions around including diverse asset managers in future searches.

No bond or currency managers expect inflation to fall below the Federal Reserve’s target in the next 12 months.

He manages various global bond investment strategies and mandates for institutional clients.

Her responsibilities will be assumed by co-managers.

He will be succeeded by two newly appointed co-heads of fixed-income.

Plan is seeking one to three global ex-U.S. equity managers and agreed to restructure its opportunistic and alternative fixed-income portfolios this month.