Utah School & Institutional Trust Funds Office hired Bramshill Investments to run a $40 million active domestic core fixed-income portfolio, said Ryan Kulig, administrative analyst.
The $2.2 billion trust fund hired Bramshill to run a separate account of its income performance strategy. The strategy “invests in a tactical portfolio of income-producing securities, including investment-grade and high-yield bonds, preferred (securities), municipal bonds, U.S. Treasuries,” according to Bramshill’s website.
Funding information was not available.
Investment consultant Fund Evaluation Group assisted.