Non-U.S. & Global Fixed-Income
The plan terminated two existing managers and added commitments totaling roughly $912 million in October.
The plan will implement its recently approved asset allocation policy in three phases.
Firm lifted out a five-member team to add a dedicated emerging market debt capability.
Plan approved a new asset allocation as continues work toward separating its assets from the state’s division of investment.
The plan hired a new manager after rescinding the selection of its first-choice last month.
The three new strategies provide U.S. investors first-time access to Vontobel’s $25 billion fixed-income boutique.
The plan will hire five emerging managers-of-managers to oversee $1 billion.
Plan is seeking emerging market debt managers to handle an allocation ranging between roughly $700 million and $1.12 billion.
The plan’s investment committee selected one firm in its emerging market debt manager search.
Plan approved a timeline for a global fixed-income manager RFP that will be issued later this week.
