Fixed-Income
The foundation added fixed-income strategies with a new investment manager within its portfolio in the first quarter.
The firm is expanding its global credit team, which includes more than 40 portfolio managers and analysts, with appointments in London, New York and Rotterdam.
City is seeking a pool of investment managers for its accounts that have an aggregate market value of approximately $6.8 billion.
The plan tapped public market credit consultant Mercer earlier this year to conduct the searches.
The new president of fixed-income will be responsible for the strategic direction of SLC Management’s global fixed-income platform.
The university has added $4 million across four investment funds and more than $3 million across five exchange-traded funds since May.
The retirement system issued RFPs to comply with state procurement regulations.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
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.