Core Bonds on the Way at Texas Muni.
By Marc Sorondo | June 23, 2009 | Leads Database
The Texas Municipal Retirement System will search for a core-plus fixed-income manager, said Bill Wallace, spokesman for the $14.6 billion plan. Wallace explained the manager would oversee 10% of the total portfolio--or 13% of the current fixed-income portfolio. He also noted that the search would be conducted this summer. R.V. Kuhns & Associates, the TMRS' general investment consultant will assist. 'Because of the size of the fixed-income portion of the portfolio, the goal was to…
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