Passive Fixed-Income
The pension fund has issued a pair of passive core and high-yield fixed-income manager RFPs.
The firm is acquiring a systematic options-based income ETF manager and the combined platform will position the firm as the eighth largest active ETF manager.
The retirement system approved a contract with a domestic core fixed-income manager last month.
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The plan consolidated its passive management to a single firm in August.
The retirement system also concluded its private equity and index manager searches.
Nearly $2.2 billion in assets are up for bid across the searches.
The plan is seeking passive managers for strategies across equity and fixed-income.
The retirement system agreed to hire a new core fixed-income manager at today’s meeting.