Fixed-Income
U.S. Bank has appointed a managing director and head of ESG for its fixed-income and capital markets business.
The plan retained its stable value fund manager following an RFP search.
The planned search is due to state regulation.
The hire follows the termination of an incumbent global fixed-income manager last year.
A fund in the South revised its investment policy statement to allow staff to internally invest a portion of its fixed-income allocation in BB-rated securities at a meeting last month.
A plan based in the South is searching for firms to manage an international equity portfolio.
A Rocky Mountain pension plan liquidated a hedge fund-of-funds investment and moved the assets to existing global equity managers at a board meeting last week.
The plan added a new asset class after receiving an updated asset class assumption report.
His responsibilities will be absorbed by existing team members.
A Midwestern plan made several changes to its equity and fixed-income portfolios as part of its transition to a new long-term asset allocation policy.