Fixed-Income
The plan hired two firms as the result of a core-plus fixed-income search initiated in October.
The winner will take over a $361 million mandate.
The plan has now hired two global multi-sector bond managers this year.
A total of five firms were profiled for the search.
They will lead a newly formed global fixed-income team and a newly renamed plus fixed-income team, respectively.
A state fund in the West is starting to divestment its endowment of Russian currency and debt.
A community foundation added a new fixed-income manager across two of its portfolios and two hedge fund managers in its socially responsible investment portfolio last year.
He will lead portfolio management for the firm’s retail municipal bond separately managed account strategies.
The new liquid multi-sector manager will handle a roughly $375 million mandate for the plan.
A university in the South made changes to the target asset allocations for its endowment and non-endowed portfolios at its Feb. 24 committee meeting.