Adventist Health System, Altamonte Springs, Fla., hired Performance Trust Investment Advisors to run $200 million in taxable municipal fixed income for its $4 billion general account portfolio, confirmed David Singleton, treasurer and chief investment officer.
It is a new allocation. Funding comes from cash, as well as hedge fund investments the system recently redeemed because of performance. Mr. Singleton would not name the managers.
The system does not use an investment consultant.
