Fixed-Income

The plan hired a new manager after rescinding the selection of its first-choice last month.

The library approved a new target allocation that increased allocations to safe haven assets in fixed-income, reduced its global asset allocation target in favor of strategic equity and fixed-income allocations and balanced its regional exposure in equities to better align with the MSCI ACWI.

The plan does not have dedicated managers to either asset class.

Plan added several new asset classes as part of asset allocation targets approved at today’s board meeting.

The plan will conduct seven manager searches beginning in January.

A university in the Mid-Atlantic region is searching for a director of public markets to help implement strategic, thematic and tactical asset allocation decisions.