ISERS board adopts small policy tweak, hears presentations from fixed‑income managers
The Imperial County Employees' Retirement System board approved a minor change to its investment policy to formalize a 1% cash target and a separate TIPS allocation, and received performance and market outlook presentations from Income Research & Management and MacKay Shields.
The full story
The Imperial County Employees' Retirement System board voted Feb. 19 to amend its investment policy to show a 1% cash target and to separate a TIPS allocation from core fixed income. Trustees approved the change after hearing presentations from two fixed‑income managers and a portfolio consultant.
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