Fixed-Income
The retirement system also made a follow-on private equity commitment today.
The retirement fund also disclosed commitments totaling roughly $1.7 billion in June.
The deferred compensation plan also hired a new target date fund provider at a meeting today.
The hire follows the creation of a 7.5% target to the asset class earlier this year.
The pension fund has issued a pair of passive core and high-yield fixed-income manager RFPs.
The six firms will handle aggregate assets of $1 billion.
The pension system increased private equity and infrastructure and real assets following changes approved this week.
iM Global Partner will “bolster” its fixed-income capabilities thanks to a new partnership with Longfellow Investment Management Co.
The retirement system’s current manager was first hired in 2022 following a similar RFP process.
The pension fund’s outsourced cio disclosed a pair of manager removals in the first quarter.