He will implement investment strategy for Mesirow Strategic Fixed-Income.
Plan’s passive investment exposure will now be with one manager.
Plan committed to direct lending, infrastructure and real estate strategies with existing managers yesterday.
Firm will establish and actively manage a fixed-income portfolio with core and intermediate strategies.
He will help oversee a $35 billion fixed-income portfolio.
Plan approved a convertible bond hire at today’s meeting as well as private equity and real estate commitments.
The hired firm will provide liquidity to meet the plan’s near-term benefit payments.
He will retain his previous responsibilities as head of institutional business.
Plan hired a new active core fixed-income manager to split its overall bond allocation this week.
Credit and venture capital commitments were made with three existing managers yesterday.