Fixed-Income
The plan also terminated a high-yield fixed-income manager in the first quarter.
The pension plan hired a convertible bond manager to handle $35 million last month.
The trust fund’s general investment consultant recommended the expansion to diversify its public credit portfolio into other credit instruments from exclusively bank loans.
A county clerk’s office is seeking the services for its approximately $1.5 billion in short-term operating and reserve funds.
The retirement association selected a firm to split its 6% allocation to liquid credit at today’s board meeting.
The fund is removing a bond overlay as market monitor signals have moved to short from neutral and is also increasing two infrastructure commitments within its portfolio.
A state trust fund is considering a recommendation from its consultant to diversify its public credit portfolio in one of its funds.
The retirement fund received three proposals in response to its fixed-income consultant RFP.
The city is seeking a firm to provide the services for its short- and long-term portfolios.
The retirement system added a second manager to its fixed-income portfolio last month.
