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.
A fund in the South may revisit a recommendation for a new asset allocation for its endowment after not taking any action earlier this month.
The plan amended its strategic asset allocation targets and added a new asset class at a meeting today.
The city’s five systems approved allocations to public equity climate change solutions on Friday.
An East Coast plan hired two new global equity managers and an opportunistic fixed-income manager in November.
The plan is conducting a search to test the universe for a potential upgrade to its incumbent.