Austin (Texas) Community Foundation hired Sage Advisory Services to run $18 million in active domestic core fixed income, confirmed MariBen Ramsey, vice president for the foundation.
Sage spokeswoman Deborah Draeger said the investment by the $100 million foundation was its first in core fixed income, and no managers were terminated. Ms. Ramsey declined to comment on the details and didn’t respond to phone calls and e-mails on the source of the $18 million. Consultant Durbin Bennett Peterson assisted.
