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The plan is seeking complementary core and core-plus fixed-income managers to split its bond portfolio.
All three searches are being conducted due to the contract expirations of the incumbent providers.
He manages various global bond investment strategies and mandates for institutional clients.
The new manager will complement the plan’s existing emerging markets core equity mandate with Wellington Management Company.
Search comes in anticipation of its incumbent’s impending contract expiration.
Plan committed to firm’s fourth fund after previously committing to each preceding fund.
The officer was responsible for identifying innovative approaches to diversification, enhancing returns and reducing fees.
The plan will discuss an executive director replacement search at a future board meeting.
Search is due to the impending contract expiration of incumbent RCLCO.
The average U.S. corporate pension funded status fell to 98.5% from 102.5% in the second quarter.
