MLGW Pension Fund Approves Core Fixed Income Search

The Memphis Light, Gas and Water Division Pension Fund has approved a search for an opportunistic core fixed income manager. 

According to meeting minutes from the March 15 board meeting, staff raised concerns on the current performance of Xponance. 

Xponance managed approximately $40 million for the pension fund in their Differentiated Income strategy

Investment consultant, CBIZ, will assist with the search.

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