High-Yield
The plan will hire one additional firm in its multi-credit asset class search.
The plan is seeking one or more managers to handle a portion of its short-duration pool.
The RFP will seek one or more short-duration high-yield fixed-income managers.
Pension plan expects to review approving a search for international small-cap equity managers next month.
Pension division issued an intent to award notice in a high-yield fixed-income manager search launched in 2021.
The plan will hire an additional firm in August as part of its multi-asset credit search.
The plan hired two firms to fill a new allocation to the asset class.
The plan is searching for two emerging market debt managers and one high-yield fixed-income manager.
The contract of the plan’s incumbent high-yield fixed-income manager will expire this year.
The recommendation stems from general investment consultant NEPC’s most recent asset class assumptions.