Passive Fixed-Income
The plan is seeking diverse-owned firms to handle short-term TIPS and long-term U.S. government bond managers to preferably run the allocations in passive or enhanced index strategies.
The pension plan is seeking passive index and transition advisory services as it readies a long-awaited transition out of a larger fund.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group as well as its sustainable equity mandate with Neuberger Berman in February.
The plan replaced both its passive equity and fixed-income mandates with Vanguard Group after receiving an annual share class review in February.
The plan made private credit commitments after presentations in closed session.
The two incumbents were the only firms that submitted proposals.
The university is considering adding a U.S. Treasury bond strategy to two of its portfolios after creating a maiden 5% target to Treasuries in both portfolios last quarter.
The plan introduced a 5% target to private debt and restructured its U.S. fixed-income and both U.S. and non-U.S. equity portfolios last week.
The recommended changes include introducing a 5% target to private debt and restructuring the plan’s U.S. fixed-income and both U.S. and non-U.S. equity portfolios.
The plan is seeking active core and core-plus bond managers to handle roughly $125 million each.