Fixed-Income
The endowment made $30 million in initial investments from its $300 million social bond, which was issued in early 2021.
Addition of emerging market fixed-income and high-yield bond strategies last month offers participants opportunities for additional yield.
The plan’s incumbent was first hired in 2016.
College savings plan will exclusively invest in fixed-income and cash after eliminating its equity exposure late last month.
The system added a new minority-owned fixed-income manager across two portfolios in late 2021.
The four new firms help make up the plan’s new $5.2 billion fixed-income structure.
The plan hired all incumbents in its high-yield fixed-income and general investment consultant searches.
She will manage the firm’s suite of public market fixed-income products.
The plan approved adding an unconstrained fixed-income manager to provide additional alpha generation and diversification to its portfolio at a meeting this week.
The institution added a short-duration fixed-credit strategy and structured credit vehicle to its endowment last week as it looks to focus on risk mitigation given volatility in the equity and fixed-income markets.
