Milwaukee County Finalizes Fixed Income Search

According to the December 2023 meeting minutes, the Employees Retirement System of Milwaukee County has finalized the hiring of a new fixed income manager, Income Research & Management.

IR+M was previously hired for the search in 2023. The new manager will be initially funded $30 million with the goal of increasing funding to $140 million over time, a target of 8.5%. $10 million will come from the JP Morgan Infrastructure Fund. The other $20 million will come from the NTGI Aggregate Bond index. 

Investment consultant Marquette is assisting with the process.

The pension fund was valued at $1.6 billion at the end of November 2023. 

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Written By: Jane Bailey, Marketing Associate

Jane Bailey is a Marketing Associate at Dakota.


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