Fixed-Income
The system approved private equity commitments with new and existing managers within its endowment and the addition of a short-duration fixed-income manager within its liquidity pool at its investment committee meeting this month.
The firm has added three portfolio managers to its $5 billion fixed-income business to oversee its high-yield and investment grade bond strategies.
The company is seeking investment managers for its investment grade fixed-income portfolios.
The new active core mandate will replace the pension’s passive bond allocation.
The foundation’s revised asset allocation creates a maiden global bond allocation while increasing its targets to domestic fixed-income, real assets and domestic large-cap equity.
The pension plan will conduct a search for its in-state private markets program and also recently hired a high-yield fixed-income manager.
The retirement system will conduct searches for international small-cap equity, high-yield fixed-income and bank loan managers.
The retirement fund is seeking managers to handle between $150 million and $350 million.
The searches are required to comply with state procurement requirements.
The university is seeking an investment manager to handle a highly liquid, short-term investment vehicle comprised of fixed-income investments that are intended to link closely with its existing daily cash receipts and payments systems.
