Non-U.S. & Global Fixed-Income
The transaction is expected to close early next year.
The new appointments include one senior portfolio manager and two analysts.
They will help manage the Asian income and diversified income bond funds.
He will lead a team responsible for over $46 billion in assets under management.
The plan will conduct an international small-cap equity manager search as part of a new asset allocation.
The plan approved a new target asset allocation at its board meeting today.
Fund launched a search for passive equity and fixed-income providers this week.
A university based in the Midwest retained its investment consultant for its assets at a meeting last week.
Plan combined a pair of fixed-income allocations into a single core-plus mandate with a new manager.
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.