Fixed-Income
Plan will issue an RFP seeking one core and one core-plus fixed-income manager to each handle 12% allocations on Tuesday.
Plan received only one response to an RFP issued last month.
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.
The university is planning to conduct a strategic asset allocation study later this year after it terminated a global bond mandate and reallocated the funds to short-term bond and growth equity funds this month.
Plan hired a new fixed-income manager to handle an initial $350 million mandate and disclosed six other commitments last month.
Plan is seeking private debt managers to each handle an up to $100 million mandate and approved new asset allocation policies last week.
Plan terminated its passive fixed-income manager to improve historical risk-adjusted performance.
The endowment made $30 million in initial investments from its $300 million social bond, which was issued in early 2021.
