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A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
The plan is seeking credit managers uncorrelated to core fixed-income and equity.
Plan added two liquid alternatives investments following a search presentation from its consultant.
The plan rehired its incumbent after receiving a multi-sector fixed-income search report.
The transaction is expected to close in the third quarter.
The new firm will incorporate York’s $4 billion CLO business.
He will focus primarily on new business development and marketing in the Southern U.S.
The new hire is responsible for growing the firm’s U.S. offshore and Latin American business.
Plan hired a new domestic core fixed-income manager following a search report presented last month.
