A Rocky Mountain pension plan amended its strategic asset allocation targets following a ten-year forward-looking study.
They will be responsible for the group’s fixed-income assets, consisting primarily of externally-managed portfolios, manage relationships with external managers and lead due diligence of current and prospective managers.
The plan is seeking unconstrained/opportunistic and flexible duration fixed-income strategies.
Plan increased its equity allocation and reduced its fixed-income exposure through asset allocations changes approved last week.
The plan retained its domestic mid-cap value equity manager following an RFP search.
Fund launched a search for passive equity and fixed-income providers this week.
Plan is seeking intermediate duration fixed-income managers in a shift of its $120 million bond allocation away from the current core strategy.
They will establish and lead a new team responsible for global sustainable fixed-income strategies.
The new hires include a head of fixed-income trading, a portfolio manager, a senior credit analyst and a fixed-income trader.
A Rocky Mountain pension plan terminated its hedge fund-of-funds manager following a ten-year forward looking asset allocation study.