Fixed-Income
The retirement fund’s investment committee also restructured its domestic equity portfolio to help meet impending sustainability goals.
The plan reviewed proposed allocation mixes that add a dedicated high-yield bond target while significantly increasing intermediate grade core-plus fixed-income, both of which would result in searches for new managers.
The retirement fund’s investment committee will interview three finalists in a $737 million search next week.
The retirement system will add three active core fixed-income managers to its portfolio.
The retirement system voted to commit to an additional core real estate manager to diversify its allocation.
The deferred compensation plan is looking to create a bench of qualified investment managers.
The foundation added three actively managed fixed-income strategies, including two with new managers, in an effort to produce a higher return from its bond portfolio.
The state retirement system will seek full board approval to hire three core fixed-income managers next week.
The state retirement system will interview three core fixed-income finalists next week.
The plan established a new 3% target to the asset class earlier this year.