Core-Plus
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.
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.