High-Yield
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.
A Southern based fund approved a new asset allocation in June.
A Mid-Atlantic state pension plan disclosed more than $2.1 billion in new investments at today’s investment meeting.
A Rocky Mountain pension plan has agreed to sell a high-yield bond investment originally approved in May.
A Florida pension plan is reviewing fixed-income portfolio changes as a result of an ongoing review.