Fixed-Income
F.L.Putnam Investment Management Company has hired a managing director of fixed-income to manage its bond strategies on behalf of its clients, which include endowments, foundations, individuals, families and institutional accounts.
The plan will interview finalists in its search for dynamic bond managers at a future meeting.
The pension fund made four private equity commitments of equal size at a board meeting yesterday.
Plan made a change in emerging market debt managers in the second quarter.
A college savings in a Southern state recently added a money market fund to replace a deposit account option.
His responsibilities will be assumed by another team member.
Plan will conduct a search for high-yield fixed-income managers due to impending contract expirations and hired a new general investment consultant.
Plan is seeking up to two managers to handle a roughly $190 million mandate after approving the RFP last week.
The plan has begun a search for its $6.2 billion core fixed-income asset class.
A Northeastern church pension plan added private equity, real estate and high-yield fixed-income investments during its June board meeting.
