Fixed-Income
The authority currently has core fixed-income mandates with Alaska Permanent Capital Management and Barrow Hanley Global Investors.
The pension plan also removed its domestic core fixed-income mandate from watch last month.
The plan received a search report that included information on four investment grade corporate bond managers today.
The plan is conducting a replacement search after terminating its incumbent core fixed-income manager today.
The deferred compensation plan has issued an RFP for up to four fixed-income managers.
The pension fund terminated two active managers and moved the nearly $45 million in assets to a passive index.
The foundation is searching for an analyst for fixed-income and alpha strategies to assist with portfolio management decisions, strategy monitoring, sourcing and due diligence on new investments.
The foundation added two fixed-income managers to its more than $1 billion portfolio in the last year as it ceased working with a hedge fund manager focused on global macro and fixed-income relative value strategies.
The city’s two retirement plans terminated an underperforming manager last month.
The city is seeking non-discretionary management services related to its $100+ million investment portfolio.
