Fixed-Income
The internal investment pilot is part of the board’s efforts to enhance investment outcomes.
The deferred compensation plan is also slated to receive results in its active domestic core fixed-income manager search in May.
The plan also terminated a fixed-income manager last month.
The hires follow a search process conducted due to the termination of one of the plan’s fixed-income managers last year.
The plan hired a new core fixed-income manager last quarter.
The plan has issued an RFP seeking multi-asset credit managers.
The foundation is reviewing the target asset allocation of its largest investment pool as well as reviewing the fixed-income manager roster within another pool of assets.
The retirement system’s current bond manager was first hired in 2018.
The retirement system launched a core fixed-income RFP process in September.
The pension fund also concluded a core fixed-income manager search with a hire at this week’s board meeting.