Fixed-Income
The university approved private equity, real asset, international equity and fixed-income investments with new managers in the second half of 2022.
The foundation launched a short duration income fund investment option solely managed by one firm at the beginning of the year in response to the current market environment to provide a flexible option that delivers high yield, consistent performance and low volatility.
The fund has issued RFPs seeking equity and fixed-income managers.
The university is seeking an investment manager to oversee almost $250 million in operating investment portfolios as its incumbent provider’s contract is set to expire in July.
The plan will consider multi-asset credit manager recommendations in March and terminated mandates with GMO and MetLife last week.
The city’s three plans jointly approved a short-term bond manager hire and will split the overall fixed-income portfolio.
The plan hired a short-term bond manager and retained its general investment consultant.
The plan retained its high-yield bond manager from a field of 28 candidates.
The plan will consider hiring five multi-asset credit managers and terminating five existing managers.
The university foundation added several strategies spanning private equity, domestic equity, commodities and high-yield and investment grade fixed-income within its endowment last year.