Fixed-Income
The plan tapped public market credit consultant Mercer earlier this year to conduct the searches.
The new president of fixed-income will be responsible for the strategic direction of SLC Management’s global fixed-income platform.
The university has added $4 million across four investment funds and more than $3 million across five exchange-traded funds since May.
The retirement system issued RFPs to comply with state procurement regulations.
The pension plan also made credit and infrastructure commitments totaling $130 million last month.
The RFP will be released next week due to the contract expirations of two incumbents.
The retirement system received 29 total responses to a fixed-income RFP issued earlier this year.
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.