Fixed-Income
The advisor will provide services for the county’s $510 million long-term core and $104 million long-term multi-asset class investment portfolios.
The pension fund approved the searches at last week’s board meeting.
Searches for high-yield fixed-income managers and a general investment consultant were approved at today’s board meeting.
The plan hired a new domestic fixed-income manager earlier this year.
The plan is considering a 5% dedicated allocation to the new asset class.
The retirement fund terminated a fixed-income manager and made commitments totaling $2.9 billion in March.
The retirement system is looking to invest $15 million with a core investment grade manager.
The systems hired a core fixed-income replacement following finalist interviews held last week.
The retirement system terminated four international and emerging markets equity managers in February.
The university added two managers from its endowment to its watchlist in the second half of 2024 due to staff changes.