The Kansas Public Employees’ Retirement System is preparing to issue a search for their Yield Driven Program.
The long term target allocation to the Yield Driven asset class was increased to 12% from 6% at a previous meeting. Kansas PERS will be reviewing responses from U.S. High Yield Bond managers and U.S. REIT managers.
Loomis Sayles High YIeld, Western Asset High Yield, and CenterSquare REIT are three managers that currently make up the total Yield Driven portfolio.
The RFP is expected to be issued in August or September 2023. A hiring recommendation is anticipated for November 2023.
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Written By: Koncheng Moua, Director of Data Management and Strategy
Koncheng Moua is the Director of Data Management and Strategy at Dakota.