Non-U.S. & Global Fixed-Income
The pension fund is seeking one or more private equity secondaries products diversified by underlying fund strategy and geographic focus.
The plan selected the managers at a meeting today following RFPs issued in April.
The firm will manage a hard currency mandate for the plan following the issuance of an RFP in the second quarter.
Plan is eyeing searches for active emerging market debt and private markets secondaries strategies following initial discussion earlier this month.
The proposed portfolio structure would result in searches for core, credit, U.S. Treasury, emerging market debt, securitized products and bank loans.
The plan approved the search at its board meeting earlier this week and has a 6% target to global multi-sector fixed-income.
CIO Jonathan Grabel recently rehired the trust’s public markets passive manager and the pension plan made a $270 million private equity commitment this week.
The pension plan is seeking passive index and transition advisory services as it readies a long-awaited transition out of a larger fund.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group after receiving an annual share class review in February.
The plan hired five multi-asset credit managers today as part of its previously approved return-seeking fixed-income structure.
