New Hampshire Retirement System reduced the target to global multisector fixed income to 10% of the total fund from 11% and absolute return/unconstrained fixed income to 6% from 7%.
Core fixed-income manager Income Research & Management's portfolio will be increased by $270 million to $772 million, absolute return/unconstrained fixed-income managers BlackRock and Manulife Asset Management's portfolios will remain unchanged at $257 million and $219 million, respectively, and global multisector fixed-income manager Fidelity Institutional Asset Management's portfolio will be increased by $100 million to $358 million.
The other global multisector fixed-income managers, Brandywine Global Investment Management and Loomis, Sayles & Co. will see their portfolios decreased by $90 million and $180 million, respectively, to $257 million and $261 million.
Incorrect information appeared in a story in the June 27 P&I Daily.
