The university has been looking to reduce its exposure to short-term fixed-income.
The deferred compensation plan terminated two domestic equity managers and an intermediate core-plus bond manager in the third quarter.
The county rehired its two domestic fixed-income managers to handle a portion of its operating and sales tax portfolios last month.
The plans hired a new core-plus fixed-income manager in the third quarter.
The district issued an RFP in November seeking a manager for its bond proceeds.
The new manager replaces the plan’s mandate with Western Asset Management.
The plan is seeking a manager to handle a $6 million mandate.
The plan also added a second bond fund option for participants last quarter.
The plan approved implementing an intermediate strategy at its November meeting.
The Windy City other post-employment benefits trust fund terminated its core-plus mandate with the firm last quarter.