A Mid-Atlantic plan disclosed three recent commitments and the termination of a fixed-income manager at yesterday’s board meeting.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
She will help manage three high-yield strategies.
The selected manager will handle a mandate between $75 million and $90 million.
The plan has issued its RFP seeking high-yield fixed-income managers.
The fund primarily invests in high-yield corporate bonds of varying maturities.
A Northwestern 457 deferred compensation plan terminated three investment managers to simplify its investment menu.
The plan committed to an existing value-add real estate manager.
Plan will conduct a search for high-yield fixed-income managers due to impending contract expirations and hired a new general investment consultant.
A Northeastern church pension plan added private equity, real estate and high-yield fixed-income investments during its June board meeting.
Financial Investment News is a key service provider for the asset management and financial services industries. For further details on our offerings, contact Victoria Dorage at [email protected]