Passive Fixed-Income
The retirement fund approved increases across private equity, private credit, private value-add real estate, MLPs and marketable alternatives this week.
Nonprofit investors and allocators are tempering expectations for their portfolios in 2026 as they prepare for more moderate returns resulting from increased volatility and heightened valuations along with persistent macroeconomic and geopolitical uncertainties.
The plan consolidated its passive management to a single firm in August.
The retirement system also concluded its private equity and index manager searches.
Nearly $2.2 billion in assets are up for bid across the searches.
The plan is seeking passive managers for strategies across equity and fixed-income.
The retirement system agreed to hire a new core fixed-income manager at today’s meeting.
The pension system will hear a recommendation to interview three finalists in an ongoing active core fixed-income manager search.
The firm will continue to provide private equity and real asset consulting services for the plan following its rehire last week.
The plan’s board voted today to replace the incumbent with a comparable provider.