Plan is seeking emerging market debt managers to handle an allocation ranging between roughly $700 million and $1.12 billion.
The plan’s investment committee selected one firm in its emerging market debt manager search.
Plan approved a timeline for a global fixed-income manager RFP that will be issued later this week.
The search is due to unexpected departures at plan’s incumbent emerging market debt manager.
Their responsibilities are being assumed by other team members.
She will co-manage the firm’s emerging market corporate debt strategies.
A Virginia-based pension plan shifted assets from its private credit portfolio and added two commitments at its board meeting yesterday.
The plan moved its four index funds with Vanguard Group to index funds with Fidelity Investments.
Plan will issue an RFP for bank loan managers following approval at this week’s board meeting.
Plan has begun a search for passive investment management providers.