High-Yield
Nonprofits should focus on the purpose various alternative asset classes serve in their portfolio across market cycles as the unprecedented bull market continues into 2020, industry experts say.
A Southern-based trust approved terminating a domestic equity manager and transitioning the assets at an investment committee meeting in the fourth quarter.
A Northeast-based plan has concluded its search for outside managers to handle international equities and high-yield bonds.
A Great Lakes pension plan hired a pair of domestic core bond managers last month.
A California county plan has issued an RFP for a dedicated managed account platform provider.
A Midwestern first responders plan has eliminated a mandate from its high-yield fixed-income portfolio.
A Southern health system approved a recommendation to conduct a search for high-yield fixed-income managers.
A Midwestern pension plan hired a high-yield fixed-income manager last month.
A Midwestern pension plan made two hires in an emerging market debt manager search.
A New York fund is looking for below investment grade bond managers to handle $1 billion.