Core-Plus
The retirement plan will hear from six total firms across core and core-plus strategies in the coming months.
The retirement fund’s investment committee also restructured its domestic equity portfolio to help meet impending sustainability goals.
The plan reviewed proposed allocation mixes that add a dedicated high-yield bond target while significantly increasing intermediate grade core-plus fixed-income, both of which would result in searches for new managers.
The retirement fund’s investment committee will interview three finalists in a $737 million search next week.
The deferred compensation plan hired an active domestic core fixed-income manager to complement its U.S. bond option today.
The retiree health care trust fund is interested in complementing or replacing its existing core-plus bond managers.
The pension fund is scheduled to review a draft RFP at next Thursday’s board meeting.
The plans have replaced their domestic core-plus fixed-income manager, which had been on watch since the second quarter of 2023.
The pension trust hired two new core-plus fixed-income managers at its meeting yesterday.
The plan will issue an RFP due to the upcoming contract expiration of incumbent Northwest Capital Management.