Fixed-Income
The board has been preparing to conduct the searches as it works toward a new asset allocation approved in 2021.
The retirement system made a change in fixed-income managers in the fourth quarter following a recommendation from its consultant.
The plan had been scheduled to issue the RFP for due diligence purposes.
The search is part of a scheduled review process.
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.
