Bank Loan
The RFPs are a result of a new asset allocation approved in May.
The fund approved a recommendation from its general investment consultant to add a new bank loan manager across three of its portfolios this month.
The fund was slated to consider the addition of a new bank loan manager across its three portfolios this week to help complement existing bank loan manager allocations.
The plan also terminated a bank loan manager at its March board meeting.
The fund has added fixed-income, bank loan, international equity and private equity investments to its endowment in recent months as it builds toward a new strategic asset allocation adopted in the first quarter.
The retirement system will conduct searches for international small-cap equity, high-yield fixed-income and bank loan managers.
The plan hired a pair of bank loan managers to handle roughly 3% of its overall portfolio this week.
The plan conducted interviews with four finalists at a meeting today.
The plan is tentatively scheduled to search for active management in emerging market debt and emerging markets equity next year.
Plan is conducting the search to fill a 3% target to the asset class.
