Fixed-Income
The search will explore the core fixed-income manager universe for its roughly $417 million allocation.
The school district is seeking a firm to handle the sale of municipal bonds
The plan eliminated its short-duration fixed-income and TIPS allocations through manager terminations approved last month.
A foundation based in the Midwest has named a new managing director of fixed-income and alpha strategies.
The retirement system has approximately $159 million allocated to its incumbent managers.
The advisor will provide services for the county’s $510 million long-term core and $104 million long-term multi-asset class investment portfolios.
The pension fund approved the searches at last week’s board meeting.
Searches for high-yield fixed-income managers and a general investment consultant were approved at today’s board meeting.
The plan hired a new domestic fixed-income manager earlier this year.
The plan is considering a 5% dedicated allocation to the new asset class.