High-Yield
A 529 plan based in the Midwest has adjusted its asset allocations.
A 529 plan based in the West will consider approving an RFP for a program manager and placing three investment strategies on watch at its board meeting today.
The Global Investment Grade and Emerging Markets CIO will assume his responsibilities.
The San Francisco-based firm will broaden Blackstone’s high-yield capabilities.
A fund based in the South approved the issuance of an RFP for fixed-income managers to handle a maiden allocation last week.
Plan added investments in distressed debt and high-yield fixed-income in successive months in the third quarter.
A Rocky Mountain pension plan liquidated a high-yield fixed-income investment and moved the assets to an existing core bond manager at an August board meeting.
A plan in a Southern state will hear replacement options for an international fixed-income manager and high-yield fixed-income manager next month due to performance concerns.
A Southwestern pension plan agreed to part ways with its domestic mid-cap equity manager this week.
A Texas fire pension plan liquidated a recent high-yield fixed-income investment at a meeting this month.
