Fixed-Income
The plan also interviewed two firms in its domestic large-cap growth equity manager search last month.
The plan recently trimmed its active roster by one to fund the new hire.
The plan recently considered increasing its fixed-income target as part of an asset allocation study.
The plan also interviewed three core managers to potentially handle the mandate.
Two new firms will be managing the retirement system’s core fixed-income portfolio.
The plan is looking for a firm to handle up to $20 million.
The firm has appointed new portfolio managers for three of its closed-end municipal bond funds.
While U.S. healthcare systems continue to look to increase their allocations to alternative investments, they are also reporting an increased interest in cash and fixed-income, a new study finds.
The firm has launched a new short-duration bond fund focused on decarbonization with a seed commitment from an investment consulting firm, while also making several new appointments within its core multi-strategy business.
The pension plan hired the manager as part of a new domestic equity structure.