Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
She will help manage three high-yield strategies.
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.
Plan will conduct a search for high-yield fixed-income managers due to impending contract expirations and hired a new general investment consultant.
A Northeastern church pension plan added private equity, real estate and high-yield fixed-income investments during its June board meeting.
A 529 plan based in the West has reissued its RFP seeking a program manager as its board elected to reject all proposals received in its previous search as they did not meet the searches requirements.