High-Yield

The new hire serves as the lead manager of the high-yield bond fund.

The plan hired a manager after adopting the asset class in January.

The plan agreed to conduct an international large-cap equity manager search and broaden its emerging market debt allocation at today’s board meeting.

The plan hired a fixed-income manager to replace two underperforming incumbents.

A Northwestern pension plan hired an absolute return bond manager to replace its terminated mandate with hedge fund-of-funds manager Castine Capital Management at yesterday’s board meeting.

Infrastructure represents a new asset class while the high-yield search is due to procurement rules.