FUNDRAISING NEWS | April 08, 2024
The City of Austin Police Retirement System has added two new managers to their fixed income portfolio, Baird and Dodge and Cox, according to minutes from the February 21st board meeting.
The funds are being reallocated from the liquidation of the $130 million fixed income position managed by Orleans Capital.
Funds will be allocated equally to both Baird Aggregate Core Fund and the Dodge and Cox Income Fund I.
As of December 31, 2023, the $1 billion pension fund allocates approximately 12.9% to core fixed income with a target of 12.5%. And approximately 5% to non-core fixed income with a target of 5%.
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Helen Bascom is a Marketing Associate at Dakota.
