Fixed-Income
The asset manager has hired a director of fixed-income and a portfolio manager for its U.S. small-cap and small- to mid-cap investment team and promoted its director of ESF integration to director of ESG research and engagement.
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.