The hires conclude a strategic fixed-income implementation plan.
The plan agreed to advance RFPs for an illiquid credit emerging manager program and passive fixed-income manager.
He is responsible for investment decision-making and portfolio construction considerations across a range of municipal portfolios.
The plan approved two manager searches at a meeting last week and also terminated a manager.
The plan hired a new domestic core fixed-income manager to replace a longtime incumbent.
The firm has appointed two Co-CIOs as replacements.
Plan will issue an RFP for bank loan managers following approval at this week’s board meeting.
The plan committed to an existing value-add real estate manager.
The plan will vote to approve searches for intermediate fixed-income funds and global allocation managers.
The plan has issued an RFP seeking core-plus fixed-income managers to handle $10 million.