Fixed-Income
A West Coast pension plan consolidated three fixed-income mandates with Western Asset Management and approved a real estate commitment at its board meeting last week.
The plan is conducting the search due to the contract expiration of its incumbent manager, which was previously rehired in 2017.
He will be responsible for managing a corporate bond strategy as well as developing a new dynamic bond strategy.
The new PM previously served as a credit research analyst.
The county plan is conducting a search for a core bond manager to handle $60 million to comply with state procurement laws.
A nonprofit in California has issued an RFQ seeking fixed-income managers to help manage four of its investment pools.
An organization based on the West Coast has launched a new fund.
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.
