Passive Fixed-Income
The plan recently trimmed its active roster by one to fund the new hire.
The plan’s consultant began a fixed-income structure review that trimmed its active roster.
The plan replaced several of its passive mandates with Vanguard Group at yesterday’s board meeting.
The plan is seeking a passive option to diversify its fixed-income portfolio and lower fees.
The plan trimmed its fixed-income manager roster to two from three following a strategic review.
2023 was supposed to be a down year for foundations and endowments with a potentially recessionary environment, however, equity and bond returns came out in the green, thanks in part to strong fourth quarters, leaving investors and allocators with a more optimistic outlook for their portfolios entering 2024.
The plan is seeking bundled/platform passive management services for various portfolios.
The RFPs will seek managers to handle 10 different strategies.
The retirement system hired two active domestic fixed-income managers and approved a structure for its new private debt portfolio today.
The plan’s new U.S. equity head joins from an investment consultant.