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SURS Board Approves Fixed-Income Asset Class Structure Analysis

SURS Board Approves Fixed-Income Asset Class Structure Analysis

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Posted: 
April 2, 2013

The State Universities Retirement System (SURS) Board of Trustees on March 13, 2013, voted to approve recommendations from the recently completed Fixed Income Asset Structure Analysis. The modifications approved are designed to create a tiered, equal-weight strategy of investment manager allocations, and increase utilization of Minority-, Female-, and Persons with a Disability-Owned (MFDB) investment firms. The process will complete the Asset Structure Analysis of the Fixed Income asset class. Previously, in 2011, a structure analysis was conducted for the U.S. Equity, Non-U.S. Equity and Global asset classes.

The Board also voted to relinquish ties with global equity manager Aberdeen Asset Management (Aberdeen) due to Investment Policy non-compliance regarding brokerage utilization of MFDB-owned firms. The System will reallocate assets from Aberdeen global equity mandate to existing passive U.S. and Non-U.S. equity funds.

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