Fixed-Income

The COVID-19-induced sell-off wreaked havoc on healthcare organizations’ returns both in the short- and long-term following the first quarter drawdown, according to a recent survey.

A fund in the South has issued its RFP seeking high-yield fixed-income managers to improve diversification, enhance return and reduce volatility within its portfolio.

The plan hired three new firms and retained two more to conclude its core fixed-income manager search.

The transaction is expected to close in early 2021.

A 529 plan based in the West will consider approving an RFP for a program manager and placing three investment strategies on watch at its board meeting today.

Action will see plan expand its emerging manager program target to $1 billion from $750 million.