Non-U.S. & Global Fixed-Income
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.
The search is due to unexpected departures at plan’s incumbent emerging market debt manager.
Their responsibilities are being assumed by other team members.
She will co-manage the firm’s emerging market corporate debt strategies.
A Virginia-based pension plan shifted assets from its private credit portfolio and added two commitments at its board meeting yesterday.