High-Yield
The plan will issue five RFPs this year, beginning with high-yield fixed-income this week.
A Mid-Atlantic plan disclosed three recent commitments and the termination of a fixed-income manager at yesterday’s board meeting.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
The selected manager will handle a mandate between $75 million and $90 million.
The plan has issued its RFP seeking high-yield fixed-income managers.
The fund primarily invests in high-yield corporate bonds of varying maturities.
A Northwestern 457 deferred compensation plan terminated three investment managers to simplify its investment menu.
The plan committed to an existing value-add real estate manager.
