Fixed-Income
The plan recently committed $348.5 million total to two existing managers and terminated a high-yield fixed-income manager.
They will lead the firm’s fixed-income team alongside the team’s existing CIO.
His co-managers will continue to oversee his strategies.
He oversees the group responsible for interest rate strategy, systematic volatility, liquidity and monitoring systemic risk globally.
Plan will consider a search for a complementary manager following a core fixed-income review scheduled for April.
The plan will seek a core fixed-income manager next year and recently terminated a REIT manager to fund a new private real estate mandate.
The hires follow the winding down of an incumbent fixed-income manager earlier this summer.
State Street is collaborating with Barclays to develop and manage active systematic fixed-income strategies.
The university is seeking a manager for its fixed-income long-term portfolio and short-term cash reserves.
They will join the firm’s plus fixed-income team and are based in London.