Passive Fixed-Income
A Rocky Mountain pension plan liquidated a hedge fund-of-funds investment and moved the assets to existing global equity managers at a board meeting last week.
A Midwestern plan made several changes to its equity and fixed-income portfolios as part of its transition to a new long-term asset allocation policy.
The plan appears to be seeking its first passive investments in equities and bonds.
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.
An East Coast plan hired a new emerging markets equity manager as well as a passive fixed-income manager in August.
The fund is looking for passive U.S. equity and fixed-income managers.
A Northeastern pension plan has canceled its outstanding investment manager searches due to a new consultant hire.
A foundation based in a Western state will lease its steam plant and utility system as part of a public-private partnership and invest a sizeable portion of the deal’s proceeds.
The Federal Thrift board has hired a second index provider for the first time.
A Northeastern pension plan has issued RFPs for domestic small-cap value equity managers as well as a passive index provider.