Fixed-Income
The RFP will be released next week due to the contract expirations of two incumbents.
The retirement system received 29 total responses to a fixed-income RFP issued earlier this year.
The retirement fund’s investment committee also restructured its domestic equity portfolio to help meet impending sustainability goals.
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 retirement system will add three active core fixed-income managers to its portfolio.
The retirement system voted to commit to an additional core real estate manager to diversify its allocation.
The deferred compensation plan is looking to create a bench of qualified investment managers.
The foundation added three actively managed fixed-income strategies, including two with new managers, in an effort to produce a higher return from its bond portfolio.
The state retirement system will seek full board approval to hire three core fixed-income managers next week.