Passive Fixed-Income
The plan expects to conclude the search process in the third quarter.
The search will be launched in the coming weeks as one of the plan’s 2023 initiatives.
The plan expects to issue the RFP later this month and make a selection in the third quarter.
The plan has begun a search seeking passive investment management services.
The new structure introduces a target to short-duration fixed-income and eliminates the plan’s passive core fixed-income target.
The plan may conduct a search to replace its passive core fixed-income manager next year following an asset allocation study.
The plan hopes to receive additional response to a new RFP.
The plan will fund the allocation from its intermediate bond manager.
The searches are being conducted to comply with state procurement laws.
The plan is looking to fill a 5% target to liquid real assets within its OPEB portfolio approved over the summer.