Fixed-Income
The foundation is seeking an analyst to join its four-person public investments team.
This marks the retirement system’s third search attempt to fill an approximately $1.2 billion expected allocation.
The plan replaced its incumbent emerging markets large-cap core equity and global core fixed-income managers in the fourth quarter.
The search for due diligence purposes and the plan currently has three incumbent managers.
The pension plan made a core bond investment as well as an infrastructure commitment totaling $210 million last week.
The pension plan approved a new asset allocation policy that introduced five targets in the fourth quarter.
Two anonymous private pension plans are seeking core-plus fixed-income managers.
The plan interviewed a total of five finalists at yesterday’s board meeting.
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.