Nonprofit investors are expecting positive but muted returns from the equity and bond markets in 2021 after their portfolios generated solid performance in a year that upended global financial markets and saw unprecedented volatility.
A Mid-Atlantic pension plan approved a new dedicated allocation to the Term Asset-Backed Securities Loan Facility program and two investments to fill it at yesterday’s board meeting.
A Great Lakes pension plan has been scheduled to review a short-duration high-yield fixed-income manager search at an investment committee meeting scheduled for next week.
A Southern-based plan will consider searches for domestic core fixed-income, inflation protected securities and non-U.S. equity passive index services over the course of the next year.