Core-Plus
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.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The search is only open to domestic core and core-plus real estate managers.
The plan replaced its domestic core-plus fixed-income manager, which had been on watch for underperformance, in the fourth quarter.
The plan hired two core and two core-plus fixed-income managers, including two incumbents, at today’s board meeting.