Fixed-Income
The plan has selected finalists for two of its ongoing manager searches.
Managers have less confidence in the Federal Reserve delivering its target inflation rate compared to last quarter’s study.
The plan hired a manager after adopting the asset class in January.
The plan hired a multi-sector manager to complement its core and core-plus mandates.
They will lead the firm’s global fixed-income business.
The plan is slated to receive a search presentation for alternative fixed-income options from its consultant next month.
He will lead a team responsible for over $46 billion in assets under management.
The new hire performs fundamental credit analysis and identifies fixed-income investment opportunities.
The agency retained two of its existing investment managers at yesterday’s board meeting.
The plan is searching for up to two private debt and equity real estate strategies.