High-Yield
A 529 plan based in the West has reissued its RFP seeking a program manager as its board elected to reject all proposals received in its previous search as they did not meet the searches requirements.
The new hire serves as the lead manager of the high-yield bond fund.
The plan hired a manager after adopting the asset class in January.
The plan will conduct an international small-cap equity manager search as part of a new asset allocation.
The plan agreed to conduct an international large-cap equity manager search and broaden its emerging market debt allocation at today’s board meeting.
The plan hired a fixed-income manager to replace two underperforming incumbents.
A California plan agreed to initiate a real estate search following approval of a new asset allocation policy yesterday.
The plan concluded its high-yield fixed-income manager search and disclosed up to $555 million in private equity commitments at its board of investments meeting this week.
A Northwestern pension plan hired an absolute return bond manager to replace its terminated mandate with hedge fund-of-funds manager Castine Capital Management at yesterday’s board meeting.