NYC Deferred Selects Short and Intermediate Duration Fixed Income Managers

The New York City Deferred Compensation Plan has hired four firms for their fixed income portfolio.

NISA Investment Advisors was hired as the new active short duration fixed income manager.

Regarding active intermediate duration fixed income, JP Morgan Asset Management, Income Research & Management, and Loop Capital Management were selected for the portfolio.

The DCP had a total of approximately $30 billion in assets under management across its 457 and 401(k) plans.

For more public pension insights and a comprehensive library of public plan minutes, we would love to offer you a free trial of Dakota Marketplace!