Passive Fixed-Income
The searches follow a review of the overall asset class this week’s meetings.
The plan also terminated an emerging markets equity manager in June.
The plan is seeking managers to handle a total of $5.9 billion.
The systems are looking for passive U.S. Treasury/Agency fixed-income managers.
The plan is relaunching the search after contractual agreement with previously selected did not conclude.
The plan also issued its RFP seeking passive fixed-income managers.
The search follows the termination of its active manager last month.
The plan is seeking a passive global inflation-linked fixed-income manager to handle approximately $850 million.
The authority also hired a total of six new managers within its global equity and fixed-income portfolios as part of an asset allocation policy approved in February.
The plan recently voted to increase its target allocation to diversifying strategies.