Fixed-Income
The fund is seeking subadvisors to manage assets for its investment pool.
He was most recently a partner and portfolio manager at Ares Management.
The plan last rehired Galliard Capital Management in 2017.
The university approved a new investment policy statement in the first quarter that included the addition of commercial mortgage-backed securities to its list of eligible fixed-income investments.
The plan, which eliminated target allocations and terminated a manager within its stable value fixed-income option today, will see its executive director depart on Dec. 2.
The plan recently committed $348.5 million total to two existing managers and terminated a high-yield fixed-income manager.
They will lead the firm’s fixed-income team alongside the team’s existing CIO.
His co-managers will continue to oversee his strategies.
He oversees the group responsible for interest rate strategy, systematic volatility, liquidity and monitoring systemic risk globally.
Plan will consider a search for a complementary manager following a core fixed-income review scheduled for April.