Non-U.S. & Global Fixed-Income
Program is seeking up to two firms to handle four investment options.
Plan approved a new asset allocation policy that addresses the current marketplace.
Plan’s decision to move all of its fixed-income assets in-house will reduce its annual fees.
Plan’s passive investment exposure will now be with one manager.
Plan hired a new emerging market debt manager to handle a $10 million allocation today.
Plan made private equity and real estate commitments totaling approximately $250 million at this week’s meeting.
Plan will review the emerging market debt space due to the volatility and performance of its incumbent.
The plan has now hired two global multi-sector bond managers this year.
The new liquid multi-sector manager will handle a roughly $375 million mandate for the plan.
The plan will receive finalist presentations from three liquid multi-sector credit managers and three semi-liquid multi-sector credit managers over the next two months.
