Fixed-Income

The plan disclosed the conclusion of a domestic core fixed-income manager search in October in its July 8 meeting agenda.

The plan is seeking complementary core and core-plus fixed-income managers to split its bond portfolio.

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.

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.