Core-Plus
The pension plan made a $24 million commitment to an existing real estate manager relationship in October.
The plan interviewed two firms earlier this month as it looks to replace Western Asset Management.
The plan also disclosed several alternatives commitments approved at a board meeting today.
A trust fund based in a Western state terminated one of its core-plus fixed-income managers during a recent meeting.
The retirement association will look to fill new targets to non-core infrastructure and TIPS in the first half of 2025.
The pension plan replaced its global large-cap growth equity and domestic core-plus fixed-income managers in the second quarter.
The county deferred compensation and defined contribution plans swapped out an incumbent core-plus fixed-income manager under scrutiny from the SEC.
The retirement system added a trio of domestic core-plus fixed-income investments at last week’s board meeting.
The plan’s core-plus fixed-income mandate assets have been redistributed to other bond managers.
The foundation liquidated a core-plus fixed-income mandate and replaced two emerging markets equity managers in the third quarter.