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Board approves $750,000 rebalancing to short-duration income fund
Summary
Trustees approved a rebalancing that moves $500,000 from the Fidelity International Index Fund and $250,000 from cash into the Lord Abbett Short Duration Income Fund to increase the plan’s short-duration fixed-income allocation.
The board approved a rebalancing recommended by Marquette Associates that increases the plan’s allocation to a short-duration fixed-income strategy.
Marquette Associates recommended modest rebalancing to address a near-term cash overweight and to position the plan for upcoming private-market capital calls. The consultant proposed moving $500,000 from the Fidelity International Index Fund…
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